Manager Garments Department Question:

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Tell us what do you mean by letter of credit (L/C)?

Manager Garments Department Interview Question
Manager Garments Department Interview Question

Answer:

It is important document, which is used for doing the business, where Bank is responsible for payment in favor of sellers. It is a means/instrument for opening a credit (L/C) in favor of exporter by importer to make payment on fulfillment of conditions within given time.

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