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  2. Business correspondence - Wikipedia

    en.wikipedia.org/wiki/Business_correspondence

    A good business letter follows the seven C's of communication. The different types of business letters used based on their context are as follows, Letters of inquiry; Letters of claim/complaints; Letters of application; Letters of approval/dismissal; Letters of recommendations; Letters of promise. Official letters can be handwritten or printed.

  3. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.

  4. Uniform Customs and Practice for Documentary Credits

    en.wikipedia.org/wiki/Uniform_Customs_and...

    The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.

  5. What is a 609 dispute letter? - AOL

    www.aol.com/finance/609-dispute-letter-221731481...

    A 609 dispute letter, also known as a credit dispute letter, is a written request to credit bureaus to remove incorrect, negative information from your credit report. While many people call these ...

  6. Credit reference - Wikipedia

    en.wikipedia.org/wiki/Credit_reference

    Credit references are used to help lenders quantify the risk of lending to a given applicant or to determine overall creditworthiness. For example, if an applicant's credit history indicates proper, timely payments on all outstanding obligations, a lender may judge it more likely that the applicant will make timely payments on the requested loan .

  7. Credit score in the United States - Wikipedia

    en.wikipedia.org/wiki/Credit_score_in_the_United...

    Consumers can get free VantageScores from free credit report websites, and from some credit cards issued by Capital One, American Express, U.S. Bank, Chase Bank, TD Bank, N.A., Synchrony Bank, and USAA Bank. The VantageScore 3.0 and 4.0 lower than 550 is very poor, 550–649 is poor, 650–699 is fair, 700–749 is good, and 750–850 is excellent.

  8. What is a business line of credit and how does it work? - AOL

    www.aol.com/finance/business-line-credit-does...

    A business line of credit gives companies a revolving line of credit to use as they need. You can explore a secured or unsecured line of credit. Eligibility criteria for lines of credit usually ...

  9. Cover letter - Wikipedia

    en.wikipedia.org/wiki/Cover_letter

    Cover letters are used in connection with many business documents such as loan applications ( mortgage loan ), contract drafts and proposals, and executed documents. While the resume outlines the professional journey, a cover letter allows the applicant convey their personality, passion, and potential contributions to the prospective employer.

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