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unconfirmed letter of credit

A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and conditions.

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Industry/Domain: Festivals Category: Christmas

Candle

A light source typified by a wick embedded in solid fuel, usually wax or fat, and used in Christianity to symbolise the Light of Jesus Christ.