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 Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.
Adhesive tapes typically consist of an adhesive-coated backing called a carrier. Single-sided tape is used to attach overlapping or adjoining materials where the tape is used to splice or seam the materials together.Double-sided tape is coated with adhesive on both sides and allows the joining of items back-to-back.dhesive tape production Image credit: Made How. Adhesive tapes are made by coating a backing or carrier (paper, plastic film, cloth, foam or foil) with an adhesive on a web or roll coater. The adhesive-coated tape is wound up to form a large jumbo roll.