Multiple Choice Questions on A written commitment made by a bank which is issued after a request by the buyer that payment will b........... for IBPS (PO/SO) Preparation

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Multiple Choice Questions

A written commitment made by a bank which is issued after a request by the buyer that payment will b...........

Current GK (IBPS-PO) Banking Awareness
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    A written commitment made by a bank which is issued after a request by the buyer that payment will be made to the beneficiary as evidence by the presentation of specified documents is known as ______. 

    This questions was previously asked in
    IBPS PO Mains-2017
    View All IBPSPO Previous Year Papers

    Letter of Commitment 

    Incorrect Answer

    Underwriting 

    Incorrect Answer

    Bank guarantee 

    Incorrect Answer

    Letter of Credit 

    Correct Answer

    Other than the given option

    Incorrect Answer
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    Explanation:

    Letter of Credit 

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