Letter of Credit
A document issued by a financial institution, used primarily as an irrevocable promise to pay. For example, UGA uses letters of credit to be reimbursed by the federal government for expenses incurred under federal awards.
A document issued by a financial institution, used primarily as an irrevocable promise to pay. For example, UGA uses letters of credit to be reimbursed by the federal government for expenses incurred under federal awards.