Because a letter of credit is typically anegotiable instrument, the issuing bank pays the beneficiary or any bank nominated by the beneficiary. If aletter of credit is transferable, thebeneficiary may assign another entity, such as a corporate parent or a third party, the right to draw. The ...
Revelation 12:10, where he is described as the “accuser of the brethren.”) Tried.—On the part of the adversary, the intention was that they might be tempted from their allegiance to Christ. The real effect would be that they who endured would come forth tested and approved. The ...