Letter of credit is a written document from bank to the beneficiary (exporter) to guarantee the responsibility of paying for the imported goods under the request of the importer.
信用证是银行根据进口商的请求，开给受益人(出口商)的一种保证承担支付货款责任的书面凭证，它是商业习惯的产物而不是法律的创制物。
This paper analyzes the characteristics and use of standby letter of Credit, and the relationship between bank guarantee and Following letter of cred it.
分析了备用信用证的特点和用途，进而分析了与备用信用证密切相关的银行担保和跟单信用证等的关系。
In addition to cash, the bid deposit may be provided in the form of a bank letter of guarantee issued by a bank, certified cheque, bank draft or money order.
投标保证金除现金外，可以是银行出具的银行保函、保兑支票、银行汇票或现金支票。
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