Computer Systems Acquisition and the Use of Letters of Credit

Letters of credit are commonly used today to facilitate commercial transactions of all types between wary sellers and buyers, both of whom are, for one reason or another, reluctant to initiate the exchange of money for goods. A letter of credit may be either revocable or irrevocable. There are sever...

Full description

Saved in:
Bibliographic Details
Published in:Library hi tech 1988-01, Vol.6 (1), p.97-99
Main Author: Wernick, Alan S.
Format: Article
Language:English
Subjects:
Exact sciences and technology
General aspects
Information and communication sciences
Information economics. Information policy
Information science. Documentation
Library and information science. General aspects
Sciences and techniques of general use
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Letters of credit are commonly used today to facilitate commercial transactions of all types between wary sellers and buyers, both of whom are, for one reason or another, reluctant to initiate the exchange of money for goods. A letter of credit may be either revocable or irrevocable. There are several types of letters of credit with varied applications. Letters of credit are one of many negotiating tools that a user can employ to minimize his or her risk in a computer systems acquisition.
ISSN:0737-8831
2054-166X
DOI:10.1108/eb047722