Letters of Credit/Summary
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Unit 4.5-Letters of Credit |
Introduction | Letters of Credit | Types | Summary | Resources | Activities | Assessment |
Summary
[edit | edit source]Having completed this lesson, you should now understand the different types of letters of credit that are available. Although letters of credit can be issued in many forms, there are only a few that are regularly used today. By having a complete understanding of all forms, you can better negotiate payment terms and avoid agreeing to a situation that could increase your company’s risks.