Data from the SPBS, DMDC, and SIDPERS can be fed into any number of systems, such as the GSORTS, JOPES, TC-AIMS II, or the Combined Forces Data Base, for use in deployment planning.
A revolving Letter of Credit can. revolve in relation to time or value .If it revolves by time, a Letter of. Credit may be available for an agreed value against a predefined number. of times - for example, USD100,000 every month for 12 months.
DEFINITION of 'Letter Of Credit'. A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.Next Up.etter of Credit. A letter of credit is a document from a bank promising to pay the holder a certain amount if the holder fulfills certain obligations. Sellers in commercial transactions often require buyers to ...