REVOCABLE LETTER OF CREDIT Definition

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REVOCABLE LETTER OF CREDIT is a letter of credit which can be cancelled or altered by the drawee (buyer) after it has been issued by the drawees bank.

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SHIPPING DOCUMENT is a document prepared when goods are shipped. It lists the date shipped, the customer, method of shipment, and quantities and specifications of goods shipped.

TWO PARTY CHECK is a check made out from one individual to another, i.e. only two entities are involved in the transaction.

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