GSM-102 Credit Guarantees are extended to approved U.S. exporters using dollar-denominated, irrevocable letters of credit to pay for food and agricultural products sold to foreign buyers.

The bond issue is secured by an irrevocable letter of credit by the Morgan Guaranty Trust Company of New York.

The issue, supported by an irrevocable letter of credit from Union Bank of Switzerland, is rated triple-A by S.&P.

But how can you pressure Sun when it's locked in with what the judge himself considers an irrevocable letter of credit to cover the legal bills if Addamax loses?

An irrevocable letter of credit normally becomes payable when goods have been supplied.

An accurate and authentic 'irrevocable' letter of credit, verified by your bank, carries little credit risk.

Qintex, an Australian resorts and entertainment company, was to have delivered the irrevocable letter of credit for $50 million by Sept. 22.

The BDIC offers an irrevocable letter of credit so a client may secure some form of credit from a conventional financial institution.

In this case, it's worth insisting on a (confirmed) irrevocable letter of credit that secures payments according to the terms of the credit and often at an agreed rate.

With the last in mind, says Groves, $785,000 has been deposited "under an irrevocable letter of credit" at a bank in New York City.