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单词 green clause letter of credit
释义

green clause letter of credit

Definition
A condition in a guarantee document that allows a purchaser to receive advances ahead of shipment against collateral property represented by warehouse receipts. Use of a green clause letter of credit is often used in the agricultural business where a company can fund the harvest of a new crop by pledging available stock as collateral.
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更新时间:2025/1/22 18:55:24