A(n) ________ means that once the seller has accepted the credit, the buyer cannot alter it in any way without permission of the seller.

Question

Quizplus · Accepted Answer

A letter of credit is a financial document provided by a third party (usually a bank) that guarantees the payment of goods and services to the seller by the buyer. Once the seller accepts the letter of credit, the terms cannot be changed without the seller's consent, ensuring the seller's payment is secure.

A(n) ________ Means That Once the Seller Has Accepted the Credit