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 Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.
Grip tape is a gritty, sandpaper-like material that is applied with adhesive to the top of the skateboard deck to provide traction. Grip tape allows the rider's feet to grip the surface of the skateboard deck and helps the skater stay on the board while doing tricks. Warehouse Skateboards offers a variety of colors and patterns of grip tape. Grip tape can be used to brighten a board, add texture, and express your personal style.