A ____________, issued by a bank, promises to make a loan if certain conditions are met.

Name: A ____________, issued by a bank, promises to make a loan if certain conditions are met.
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A letter of credit, issued by a bank, guarantees that the bank will fulfill payment obligations on behalf of their client up to a certain amount, provided that the conditions outlined in the letter are met. This is commonly used in international trade to reduce the risk of non-payment.

A ____________, Issued by a Bank, Promises to Make a Loan