Definition of Deferred Payment Letter of Credit

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TeachMeFinance.com - explain Deferred Payment Letter of Credit



Deferred Payment Letter of Credit -- A letter of credit that allows the buyer to take possession of goods by agreeing to pay the issuing bank or the confirming bank at a fixed future date.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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