Revaluation

The increase of the value (restoration) of a nation´s currency (that had once been devalued) in terms of the currency of another nation.

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Revocable L/C

A letter of credit that can be cancelled or changed by any party at any time without the consent of any other parties. At present there are not revocable L/C; all of them are irrevocable. See letter of credit.

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Revolving L/C

A letter of credit which is automatically restored to its full amount after the completion of each documentary exchange.

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