EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)
chapter no.9 (THE CREDIT LETTER)
CREDIT LETTER= CREDIT HAS been defined as a promise of future payment .IN cash or in a kind given in echange for goods or services. Credit is instruments which enable, manufactured, produsers ,reatilor. & consumer. to obtained goods .When ready cash is not available in some exception all business firms buy or sell on credit.
kinds of c/L
1. Those asking for credit information
2.those guarntee credit in whole or in part
3. Those refusing credit
4. those seeking a line of credit
note: page no. 105 to 114 of book
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