Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.
Search for a Term:

What is Confirmed Letter Of Credit?

Definition of Confirmed Letter Of Credit

A 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.
Do you have a question that has not yet been answered? Let us know.
Tel: +44 (0) 203 8794 460 or Email: support@advfn.com

FTSE 100 Index

FTSE 100 Index intraday chart

Gulf Keystone

Gulf Keystone Chart
 GKP Chart  GKP Chat
 GKP Share Price  GKP Level 2
 GKP Info  Free ADVFN account

Top Investment Questions