A deferred letter of credit (deferred LC) allows the buyer some extra time before payment is required from the importer's bank. The buyer/importer of goods applies to his bank for a letter of ...

It lets individuals and companies create letters of credit (LOCs) in lieu of traditional ... In effect, the system is a lot like a bank check that’s cashed against your account, except there ...

Weiss Ratings disputes the Federal Communications Commission's position on determining a bank's financial soundness.