A _____ issued by a bank is a promise by that bank to make a loan if certain conditions are met.

Name: A _____ issued by a bank is a promise by that bank to make a loan if certain conditions are met.
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A letter of credit issued by a bank is a promise that the bank will make a loan if certain conditions are met. The conditions can include the borrower presenting necessary documentation and meeting certain eligibility criteria.

A _____ Issued by a Bank Is a Promise by That