Transferable Letter of Credit. This type of credit allows the seller to transfer all or part of the proceeds of the original letter of credit to a second beneficiary, usually the ultimate supplier of the goods. The letter of credit must clearly state that it is transferable for its to be considered as such.
Definition of:magnetic tape. A sequential storage medium used for data collection, backup and archiving. Like videotape, computer tape is made of flexible plastic with one side coated with a ferromagnetic material. Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.
Thread seal tape (also known as PTFE tape or plumber's tape) is a polytetrafluoroethylene (PTFE) film for use in sealing pipe threads.The tape is sold cut to specific widths and wound on a spool, making it easy to wind around pipe threads.hread sealing tape is almost entirely applied by hand, although at least one machine is available for production wrapping of fittings. PTFE tape is also commonly used in the stretching of body piercings, through a process known as taping, because it is inert and safe for this use.