Paying Bank
Paying Bank in International Trade
Meaning of Paying Bank, according to the Dictionary of International Trade (Global Negotiator): The bank designated in a letter of credit as the party that will honour drafts drawn under the L/C.
Meaning of Paying Bank, according to the Dictionary of International Trade (Global Negotiator): The bank designated in a letter of credit as the party that will honour drafts drawn under the L/C.
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