1.

What is an irrevocable letter of credit?

Answer»

HEY..
U R ANSWER...
AN IRRECOVERABLE LETTER OF CREDIT IS A FINANCIAL INSTRUMENT USED BY BANK TO GARANTEE A BUYERS OBLIGATION TO A SALER.

IT IS A IRRECOVERABLE BECAUSE THE LETTER OF CREDIT CANNOT BE MODIFIED UNLESS ALL PARTIES AGREE TO MODIFICATIONS.

IF U WANT BIG ON THE TOPIC..

U SHOULD BE GO TO WEBSITE

ACCOUNTING COACH + WHAT IS IRRECOVERABLE LETTER OF CREDIT.

HOPE HELPING 4 U....



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