The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is FREELY NEGOTIABLE LETTER OF CREDIT

An L/C marked ‘freely negotiable’. No single bank binds the holder to negotiations. Any bank can be select for this.

Disclaimer

Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.