What is ACCEPTANCE LETTER OF CREDIT (L/C)?

This clause does not pay a beneficiary immediately but adds additional paperwork through the bank that takes more time.

More On This Topic
  1. Best Way to Write a Professional Letter to a Judge
  2. What Your Credit Report Says About You
  3. Marijuana: Recreational, Grow, & Medical Laws By State 2020
  4. What Is Common Law?
  5. Exploring Presidential Conflicts of Interest
  6. Writing a Letter to the Judge Before Sentencing
  7. How To Write A Parole Letter
  8. Credit Card Default Laws & Regulations
  9. How to write a letter of permission
  10. Canceling a Letter of Agreement

Related Legal Terms
EVERGREEN LETTER OF CREDIT, DIRECT PAY LETTER OF CREDIT, ACCEPTANCE CREDIT, EXPLODING LETTER OF CREDIT, STANDBY LETTER OF CREDIT, LETTER OF CREDIT (L/C), DEFERRED REIMBURSEMENT LETTER OF CREDIT (L/C), LETTER OF ACCEPTANCE, CLEAN LETTER OF CREDIT (L/C), GUILLOTINE LETTER OF CREDIT


Link to This Definition
Did you find this definition of ACCEPTANCE LETTER OF CREDIT (L/C) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary