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

L/C whose sole requirement, like a draft, is a written demand by its beneficiary for payment.

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


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