Medi Assist Healthcare IPO

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Trading Terms

Revocable documentary credit

A vital distinction exists between an irrevocable credit and this financial instrument, aptly named the revocable credit. Unlike an irrevocable credit, this type of instrument allows the issuing bank to alter or terminate it without the beneficiary's approval, potentially at the behest of the importer or applicant. In essence, it offers less security and stability for the beneficiary.
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