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  2. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    A letter of credit ( LC ), also known as a documentary credit or bankers commercial credit, or letter of undertaking ( LoU ), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.

  3. Goodwill letters: How to get late payments removed from your ...

    www.aol.com/finance/goodwill-letters-payments...

    A goodwill letter is a formal letter to a creditor or lender, such as a bank or credit card company, to request forgiveness for a late payment or other negative item on your credit report. In the ...

  4. Circular letter of credit - Wikipedia

    en.wikipedia.org/wiki/Circular_letter_of_credit

    A circular letter of credit was a letter of credit issued by a bank or related financial institution to a private person, usually an individual of means, which enabled that person to draw funds from correspondent banks while traveling. This was considered safer than carrying large sums of cash. Early examples of the use of personal letters of ...

  5. Demand guarantee - Wikipedia

    en.wikipedia.org/wiki/Demand_guarantee

    Demand guarantee. A demand guarantee is a guarantee that must be honoured by the guarantor upon beneficiary 's demand. The beneficiary is not required to first make a claim or take any action against the obligor of the guaranteed obligation that the guarantee supports. A demand guarantee is enforceable notwithstanding any deficiencies in the ...

  6. How to write a letter of explanation for a mortgage - AOL

    www.aol.com/finance/write-letter-explanation...

    Sample letter of explanation. Date Lender name. Lender address. Lender city, state and ZIP code RE: Your Name and Application Number I am writing to explain the absence of any payroll deposits in ...

  7. 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 ...

  8. Letter of credence - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credence

    A letter of credence ( French: Lettre de créance) is a formal diplomatic letter that designates a diplomat as ambassador to another sovereign state. Commonly known as diplomatic credentials, the letter is addressed from one head of state to another, asking them to give credence ( French: créance) to the ambassador's claim of speaking for ...

  9. Bills of credit - Wikipedia

    en.wikipedia.org/wiki/Bills_of_Credit

    Bills of credit are documents similar to banknotes issued by a government that represent a government's indebtedness to the holder. They are typically designed to circulate as currency or currency substitutes. [1] Bills of credit are mentioned in Article One, Section 10, Clause One (also known as the Contract Clause) of the United States ...

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