Red Clause
What is it? A banking term which refers to a special clause in a letter of credit allowing the seller of goods to obtain an unsecured advance from the issuing bank to finance the manufacture or purchase of the goods.Added By: Gracie
The Red Clause definition has been viewed 66 Time(s)!
Send To Friends!
If you'd like to send the Red Clause definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Red Clause. If you need any more information on this term, please don't hesitate to contact us.