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.

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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


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