Use of the letter of credit form in the foreign economic activity of the enterprise

Approaches to the definition of the term "letter of credit" in the international and domestic legal framework, scientific sources are revealed. Emphasis is placed on the fact that the letter of credit is of a credit nature, as the importer is given a certain period of time to fulfill its obligations to the bank. world, etc. The state of use of the letter of credit form of settlements in the practice of domestic subjects of foreign economic activity is estimated on the basis of available data.