Articles by Mehul Goyal
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5 Benefits of a Letter of Credit for Small Export Businesses
Mehul Goyal 12 July 2023 at 09:10A letter of credit, also known as a credit letter is granted from the bank as a guarantee that the seller will receive the payment on promised time from the buyer. If the buyer fails to pay, the bank will be responsible to make the payment on behalf of the buyer. It may be processed as financial assistance that is a loan.
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