Letter of Credit (LC) is a banking instrument used for ------

Letter of Credit (LC) is a banking instrument used for ------

Letter of Credit (LC) is a banking instrument used for ------ ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

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Best Answer Explained in Below-:

A letter of credit is a document that guarantees the buyer's payment to the sellers. It is Issued by a bank and ensures the timely and full payment to the seller. If the buyer is unable to make such a payment, the bank covers the full or the remaining amount on behalf of the buyer.

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