Tag Archives: letter of credit

Why is a letter of credit important?

By | May 13, 2008

Guidelines for letters of credit are set up in Article 5 of the Uniform Commercial Code. Letters of credit are important for business entities and individuals alike. When a business is attempting to purchase goods, services and technology to serve their clients, a letter of credit is essential. Most businesses do not pay cash or write a checkā€¦ Read More »