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What is the Different between transferable and back to back credit?
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What is the difference between back to back letter of credit and transfer letter of credit?
back to back credit is a seller financing tool where seller goes to his bank for amendment of the master lc and get issued another lc in favor of the main supplier and also it is a LC where main buyer does not get to know that who is main supplier .Bank which issues the back to back LC undertakes a definite payment obligation under L/C law and practice, while the bank that transfers a transferable L/C does not obligate to pay. Instead, the transferring bank usually pays after receipt of issuing bank's payment under the transferable credit.a transerable is cannot be transferred until or unless it is mentioned in the master LC as tranferable.
What are the differences between a cash and credit transaction for purchase and sales?
With Credit card you have to pay the credit company back later, cash is paid and over with if used.
What is debit accounts and credit accounts and difference between them?
Debit cards are check cards that withdraw money from your savings account. When using credit cards, you are borrowing money that you will pay back when the bill is sent to you, but also includes interest.
What is charge back credit card?
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Where is the csv code on a credit card?
On the back
What is the difference between back to back letter of credit and transfer letter of credit?
back to back credit is a seller financing tool where seller goes to his bank for amendment of the master lc and get issued another lc in favor of the main supplier and also it is a LC where main buyer does not get to know that who is main supplier .Bank which issues the back to back LC undertakes a definite payment obligation under L/C law and practice, while the bank that transfers a transferable L/C does not obligate to pay. Instead, the transferring bank usually pays after receipt of issuing bank's payment under the transferable credit.a transerable is cannot be transferred until or unless it is mentioned in the master LC as tranferable.
Which business credit card offers cash back?
There are many different credit cards that offer cash back. Some of the credit cards that offer cash back are Simply Cash from American Express and Ink Cash from Chase.
What are the top cash back credit card companies?
If you are looking for a credit card that gives you cash back on your purchases you should think about getting a Discover card. Depending on your credit score they give you different rates of cash back.
What credit card companies offer credit cards with cash back?
There are several different companies which offer cash back and other rewards these days. In order to find out their policies on this sort of stuff, do research on the different companies.
What is the difference between credit score and credit rating?
The difference between credit score and credit rating is simple Credit score (or credit history) is the history of paying back debt where as credit rating the the reputation for paying back money owing
What are the differences between a cash and credit transaction for purchase and sales?
With Credit card you have to pay the credit company back later, cash is paid and over with if used.
What are some of the best money back credit cards on the market?
There are many different money-back credit cards on the market. One such popular option is the Discover card, that advertises the perk of cash-back with its use.
Which countries have the Asda credit card with cash back?
The many different countries that has the Asda credit card with cash back are as follows; the United Kingdom, the Channel Islands, and the Isle of Man.
What cash back rates are available to you on a credit card when making a purchase?
The cash back rates available on a credit card to someone when making a purchase are between 0.5% and 5%. If you spent 100 dollar on your credit card, you will get 5 dollar cashback.
What is the differentce between a bank and a credit union?
A bank's profits go to the bank and its chief officers. The profits of a credit union go back to its members.
What products are offered by a Fidelity credit card?
Research has shown that there are a number of Fidelity credit cards and each card has different offerings. There is a Fidelity American Express that allows cash back rewards, and there is a Fidelity Visa Signature card that also will deposit cash back into ones Fidelity account. The products offered are the different credit cards offered by Fidelity credit card.
Which banks are good for Back to back letters of credit?
which bank in Pakistan are working on back to back letter of credit?
