A guaranty from the importers bank that the imports will be paid for is known as:

Name: A guaranty from the importers bank that the imports will be paid for is known as:
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A letter of credit is a financial document provided by the importer's bank guaranteeing that the payment to the exporter will be made on time and for the correct amount. If the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

A Guaranty from the Importers Bank That the Imports Will