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.
Read MoreA 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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