Investopedia / Jiaqi Zhou A bank letter of credit policy is a guarantee by a U.S. bank that a buyer in a foreign transaction will be paid. This type of credit letter has become a routine part of ...

Image source: Getty Images. A letter of credit is a document that a bank can issue to a manufacturer or other large seller of goods to guarantee that a buyer is able to pay their bill on time.

Commercial letters of credit provide reliable means of payment in commercial sale transactions Letter of credit and bank's payment are independent of underlying sale transaction Bank's obligation ...

Credit Bank of Moscow is a universal bank that engages ... overdraft lending, factoring, leasing, letters of credit, guaranties, corporate deposit taking, settlements and money transfer, and ...