A letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. This additional confirmation is in addition to the obligation of the bank which issued the letter of credit.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosc.htm
Letter of credit issued by an overseas bank but also confirmed by a UK bank. Under these circumstances you'll be paid by the UK bank even if your buyer or the other bank defaults, providing the terms of the letter are met fully.
Found on
http://www.encyclo.co.uk/local/20546
No exact match found.
