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Cable for authority - How To Discuss

Writer Isabella Browning

Cable for authority,

Definition of Cable for authority:

  1. To pay Request sent (originally telegraphically, these days electronically) by a negotiating bank to the issuing bank of a letter of credit (L/C) for permission to pay the L/C despite certain discrepancies in the documents submitted by its beneficiary.

Meaning of Cable for authority & Cable for authority Definition