Definition and Citations:
To pay a request that was sent electronically by starting a negotiation with a bank (usually the issuing bank) of a letter of credit (L/C). Permission must be given to pay the L/C despite any other circumstances.
To pay a request that was sent electronically by starting a negotiation with a bank (usually the issuing bank) of a letter of credit (L/C). Permission must be given to pay the L/C despite any other circumstances.