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Confirmed Letter of Credit |
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Confirmed Letter of CreditA letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. This additional confirmation is in addition to the obligation of the bank which issued the letter of credit.Confirmed Letter of Credit Similar MatchesUnconfirmed Letter of CreditUnconfirmed Letter of CreditA letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and conditions. |
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