What type of financing agreement would contain conditions relating to the provision of,among other things,an invoice,shipping receipt,and proof of insurance?

Question

Quizplus · Accepted Answer

A letter of credit is a financial document issued by a bank that guarantees payment to a seller upon receipt of specified documents, such as an invoice, shipping receipt, and proof of insurance, ensuring that the terms of the sale are met.

What Type of Financing Agreement Would Contain Conditions Relating to the Provision