FOLIO Ontology

Letter of Credit Obligation Breached

IRI:
https://folio.openlegalstandard.org/RCDzQ1P6vPQJSomNGGqxvlR
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Definition

A Letter of Credit Obligation Breached refers to a situation where a party fails to fulfill their obligation to pay under a letter of credit, which is a document issued by a bank guaranteeing payment to a seller of goods or services.

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Translations

🇧🇷 pt-br Obrigação de carta de crédito violada
🇩🇪 de-de Verletzung der Akkreditivverpflichtung
🇫🇷 fr-fr Violation de l'obligation de lettre de crédit
🇯🇵 ja-jp 信用状の義務違反
🇨🇳 zh-cn 信用证义务违约

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Additional Information

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