Real Estate Glossary

Letter of Credit

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Glossaries

Term Main definition
Letter of Credit

An engagement, pledge or commitment by a bank or person, made at the request of a customer, stating that the issuer will honor drafts or other demands for payment upon full compliance with the conditions specified in the letter of credit.

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San Francisco Property Management

47 Kearny Street
San Francisco, CA 94108
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California DRE #01183885