Definition
Letter of credit that pays its beneficiary in a currency other than that of the beneficiary's country.
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Nearby Terms
- foreign corporation
- Foreign Corrupt Practices Act (FCPA)
- Foreign Credit Insurance Association (FCIA)
- foreign crowd
- foreign currency
- foreign currency account
- foreign currency credit
- foreign currency translation gain/loss
- foreign debt
- foreign direct investment (FDI)
- foreign exchange contract
- foreign exchange earnings
- foreign exchange (Forex or FX)
Popular 'Accounting & Auditing' Terms
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