a. Ensures a company that funds will be available when needed
b. Is analogous to a credit card that companies can draw on as needed
c. Is a representation that a company has a high credit rating
d. Provides a guarantee of payment from the buyer, reducing the credit risk to the seller
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Home » Business » A letter of credit: a. Ensures a company that funds will be available when needed b. Is analogous to a credit card that companies can draw on as needed c. Is a representation that a company has a high credit rating d.