Learn how irrevocable letters of credit (ILOC) secure payments in international trade, explore their uses, types, and benefits for involved parties.

Letters of reference or recommendation are common devices in the corporate world. Many people request letters of reference from current or former employers, and employers may be more than happy to ...

Learn how a transferable letter of credit enables a primary beneficiary to transfer credit to others, securing payments for ...

A cover letter, a response to a customer inquiry and a collection letter requesting immediate payment are examples of letters that should follow a business format. Although business letters aren't ...