Topical Terminology > Letter Of Creditirrevocable
1 Definition
Letter Of Creditirrevocable
For Letter Of Creditirrevocable we have a term and definition in Accounting.
Letter Of Creditirrevocable (Accounting) 
is a letter of credit where payment is guaranteed as long as the seller meets all conditions stipulated. A revocable letter of credit can be cancelled or altered by the buyer without permission of the seller.
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