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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