REVOCABLE LETTER OF CREDIT Definition

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.

Learn new Accounting Terms

NRV, in accounting, is Net Reserve Value.

FINANCIAL GUARANTEE INSURANCE is insurance created to cover losses from specified financial transactions.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.

Purchase and download Glossary
Only $9.95