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L / C (LETTER OF CREDIT) L /C is an undertaking given by a Bank on behalf of its customer to pay a certain sum of money to a certain person ( Beneficiary ) on the fulfillment of certain terms and conditions as laid down in the letter of credit.
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Updated: 03 Apr 2013
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Keyword analysis

 
bank   1561
 
money   10619
 
banking   1068
 
credit   5353
 
central   2993
 
terms   197
 
pay   1505
 
banker   121
 
letter   663
 
islamic   449
 
bd   158
 
customer   947
 
certain   864
 
beneficiary   18
 
insurance   6050
 
person   1909
 
world   17833
 
retail   2783
 
given   801
 
undertaking   40
 
swift   234
 
related   3407
 
laid   61
 
imf   7
 
fulfillment   50
 
sum   53
 
conditions   1810
 
behalf   141
 
information   24749
 
ifc   8
 
news   14977
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Homepage links

Internal - 158
External - 2

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