What is BANK TO BANK LETTER OF CREDIT (L/C)?

When one bank issues another bank a letter of credit as collateral on a loan to a third party.

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Related Legal Terms

STANDBY LETTER OF CREDIT, TRANSFERABLE LETTER OF CREDIT, BACK TO BACK LETTER OF CREDIT (L/C), RESTRICTED LETTER OF CREDIT, DIRECT PAY LETTER OF CREDIT, CONFIRMED IRREVOCABLE LETTER OF CREDIT (L/C), LETTER OF CREDIT, EXPLODING LETTER OF CREDIT, PRIME LETTER OF CREDIT (L/C), DEFERRED REIMBURSEMENT LETTER OF CREDIT (L/C)


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