Letters of Credit

Letters of Credit :

The letters of recommendation are generally written in the business world to assist a business friend in securing new business relations. When a letter of recommendation contains a request to pay a specified sum of money to the person recommended, it becomes a letter of credit. It is neither convenient nor desirable to furnish a commercial traveller or representative with all the money that he may require during the business tour. In letters of credit the person issuing it requests the addressee to pay on his account sums of money to the person recommended in the letter. The amount of money to be paid to him is either definitely stated or a limit is given. It is handed over to the person recommended for personal presentation to the addressee or addressees. Letters of credit may be either simple or circular. A simple letter of credit is addressed to one person or firm only. Circular letter of credit is addressed to more than one. It is the general practice to inform the addressees beforehand by post so that they may make arrangement for payments. When a payment is made to the person recommended, the firm making payment endorses it on the back of the letter and puts the date and place of payment. The letter is then returned to the bearer for presentation to other addressees and a receipt is obtained from the bearer.

  1. Letter of Recommendation to A Businessman
  2. Simple Letter of Credit - 1
  3. Simple Letter of Credit - 2
  4. Circular Letter of Credit

Letters of Credit

Letter Asking A Donation
Letter Asking A Favor
Letter Asking for More Details
Letter Asking for Donations
Letter Denying of Dealership
Letter for Change of Address
Letter for Distributorship
Letter for Employment
Letter for Hotel Reservation
Letter for Letter of Credit
Letter for Line of Credit
Letter for Product Launch
Letter for Promotion
Letter for Retirement Congrats
Letter for Scholarship
Letter for Settlement of Bill
Letter for Tender
Letter for Testimonial
Letter of Agreement
Letter of Assurance
Letter of Credit
Letter of Enquiry
Letter of Order
Letter of Persuasion
Letter of Sympathy
Letter Offering Discount
Letter Related to Advertisement
Letter Related to Despatch
Letter Related to Training
Letter to A Foreign Buyer
Letter to Pen-Friend
Letter to Police
Letter with Order
Letter with Quotation
Letter Writing
Letters about Company Shares
Letters by Clubs and Societies
Letters by Landlords & Tenants
Letters for Appointment of Dealers
Letters for Business Relations
Letters for Buying and Selling
Letters for Credit & Collection
Letters for Foreign Travel
Letters for Lease & Tenancy
Letters for Loan & Borrowing
Letters for Transfer & Assignment
Letters for Insurance
Letters Noting Discrepancy
Letters of Condolence & Sorrow
Letters of Regret
Letters Regarding Maintenance
Letters Regarding Payment
Letters Related to Employees
Letters to Local Corporation
Letters to Postal Authorities
Letters to The Editor
Letters Used in Real Estate
Letters With Postal Department
Letters With Railways Authorities

About This Site :

About Us
Contact Us
Link Partners
Privacy Policy