Question
Letter of Credit and Discounting of bill
Answer :
Word Count : 125
| Basis of Difference | Letter of Credit (LC) | Discounting of Bill |
|---|---|---|
| Meaning | A guarantee from a bank ensuring payment to the seller on behalf of the buyer upon fulfillment of conditions. | Selling a bill of exchange to ____ _____ ___ ______ _________ ____ ______ ___. _____ _________ ________ ____ ______ ______ ______ ______ ________ ______. ________ _________ ____ __________ ____. __________ ________ __________ _______ ______ _______ ____ _______ _______. _____ _____ ____ ________ ___ _____ ____ _____ _________. ________ ________ _____ ________ _________ ____ ________ _______ ______ __________ ___ ________. ________ _______ ________ ______ __________ ________ ______ __________ ______. _____ _________ ________ _______ __________ __________ ______ _____ ____. ___ ____ _____ _____ ________ _____ __________. _________ _____ _______ _______ ___ ____ ________ _____ ___. _______ __________ __________ _____ ______ _____ _____. Get Full Answer on WhatsApp IGNOU NEWS Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★ Top |