A letter written by a company's bank to the company's foreign supplier, stating that the bank will guarantee payment of an invoiced amount if all the underlying agreements are met is called

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A letter written by a company's bank to the company's foreign supplier, stating that the bank will guarantee payment of an invoiced amount if all the underlying agreements are met is called a letter of credit. A letter of invoice is not a common term, and a letter of intent does not guarantee payment. Choice D is not a valid answer as one of the options must be selected.

A Letter Written by a Company's Bank to the Company's