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Lcchang Posted 20 years ago
Vocabulary

at sight

An at sight letter of credit means that payment is made immediately upon presentation of documents.

What does at sight mean? Also, I haven't never seen a letter of credit, so can someone describe it a bit please?


LC
  

Top answer

When you see that written request of payment (or on its presentation : it's presented to you in one form or another), you must pay up. htm

— Marius Hancu

  • When you see that written request of payment (or on its presentation : it's presented to you in one form or another), you must pay up.
  • htm
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2 Answers
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When you see that written request of payment (or on its presentation: it's presented to you in one form or another), you must pay up.

http://campus.murraystate.edu/
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Oh, it's just like a credit card bill. I thought it might be like a letter you use when borrowing money from the bank.

LC
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