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 |