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In the case of a confirmed letter of credit, a second guarantee of payment is added to the first.
A letter of credit is a document issued by a bank that allows the holder of the letter to draw the funds as stated on the letter from the issuing bank. In contrast to a confirmed letter of credit, if the seller does not seek the second guarantee, the document would be called a unconfirmed letter of credit.
підтверджений акредитив