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 Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.
Greg shows how to apply the teflon pipe thread so that it DOES go on easy and in the right direction, and doesn't unravel when you insert the pipe into the recptical. Teflon tape is appropriate for pipe connections where the pipe is tapered.In these types of connections, the pipe threads make the seal.o quote wikipedia.com: Commonly known as  Teflon tape, PTFE tape, tape dope, or  plumber's tape â is a polytetrafluoroethylene (PTFE) film cut to specified widths for use in sealing pipe threads. The tape is wrapped around the exposed threads of a pipe before it is screwed into place.