Question:
I want to know the Difference between Bank Guarantee Letter Credit so can you provide me that as it is urgent for me
Answer:
The difference between Bank Guarantee Letter Credit is as follows:
As far as my knowledge the letter of credit & a bank guarantee are similar, but they are key difference such as follows:
The letter of credit & a bank guarantee both are guarantees from a bank to pay a seller a specific amount.
A guarantee protects the seller more than a letter of credit does.
For more detailed info, here is attachment: