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what is the difference between a standby letter of credit and a standby letter of guarantee?

2007-01-10 21:15:42 · 1 answers · asked by Najam R 1 in Business & Finance ➔ Corporations

1 answers

stand by letter of credit is that they are waiting for approval for credit while standby guarantee is that you have credit but they are coming up with a credit limit

2007-01-10 21:21:56 · answer #1 · answered by Lisa 5 · 0⤊ 0⤋

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