Trade & Economic Glossary
Letter of Credit vs T/T: Meaning and How to Choose
A letter of credit pays only if documents match. A wire transfer pays when the buyer sends funds. Compare timing, the 21-day rule, and discrepancy risk.
#L/C
1 posts
1 posts
A letter of credit pays only if documents match. A wire transfer pays when the buyer sends funds. Compare timing, the 21-day rule, and discrepancy risk.