TeachMeFinance.com - explain Unconfirmed Letter Of Credit
Unconfirmed Letter Of Credit -- A type of letter of credit bearing the obligation of the issuing bank only, not of any other bank.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.