Learn Business English 170 (letters of credit, beneficiary, advising bank)

Today's ESL English lesson words: letters of credit, beneficiary, advising bank, issuing bank.
This video describes business English as a second language conversation vocabulary words. Practice with your friends or listen to the videos. Speaking fluent English requires patience and practice. I am an English as a second language (ESL) school teacher and I post videos every day for the students of the world. Study hard and have fun with speaking business English!

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[taostoner1]

the simplicity is almost insulting, but i appreciate it.

[TeacherPhilEnglish]

@taostoner1 This is ESL

[raphtubeful]

Are there any difference between letters of credit and accounts receivables?

[TeacherPhilEnglish]

@raphtubeful the letter of credit is a promise by the bank to pay the money for you. They charge a fee. A/R is just people that owe money to you.

[vanessaleb]

Thank you a lot Phil. could you please be so nice and explain the difference between LC and stand by LC

[leaf58]

Congratulations ¡¡¡ I appreciate all your videos. All them are very interesting and hereby I confirm that TeacherPhil is the best teacher I have never had ¡¡¡.

Thanks a lot ¡¡¡

[kevinkevinpham]

Would you say the issuing bank is in a sense the cosigner?

[zorex0304]

All your videos are simple and informatives, we like to have more .

Thanks