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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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