nouna letter of credit which cannot be cancelled or changed, except if agreed between the two parties involved
Related information about irrevocable letter of credit:
- Irrevocable Letter Of Credit (ILOC) Definition | Investopedia
Correspondence issued by a bank guaranteeing payment for goods and services purchased by the one requesting the letter. An irrevocable letter of credit, ...
- What is irrevocable letter of credit (L/C)? definition and meaning
Definition of irrevocable letter of credit (L/C): Firm commitment by an issuing bank to pay an accepting bank a specified sum in a specified currency, provided the ...
- Irrevocable Letter of Credit - Financial Dictionary - The Free Dictionary
Irrevocable Letter of Credit. Also found in: Acronyms, Encyclopedia, 0.01 sec. Irrevocable letter of credit. Assurance of funds issued by a bank that cannot be ...
- Irrevocable Letter of Credit
Dominion holds this document in lieu of a cash security deposit to protect the Company against loss resulting from unpaid service bills by nonresidential ...
- Irrevocable Letter of Credit - California State Board of Equalization ...
issuing bank hereby establishes in your favor this irrevocable letter of credit in the amount of U.S. dollars $ payable within three (3) business days (as hereinafter ...
- Irrevocable Letters of Credit - Bureau of Land Management
An irrevocable letter of credit must be issued by a financial institution organized or authorized to do business in the United States and identify the Department of ...
- Understanding and Using Letters of Credit, Part I
The irrevocable letter of credit may not be revoked or amended without the ... An irrevocable letter of credit from the issuing bank insures the beneficiary that if ...
- irrevocable letter of credit (ILOC) - Insurance Glossary
irrevocable letter of credit (ILOC) - The ILOC or standby letter of credit is a contractual agreement between a financial institution (a bank) and the party to which ...