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 Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.
How much does it cost for one roll of magnetic tape? A roll of magnetic tape can cost as little as $1.00 for size 1/2 x 30 roll to as much as $133.49 for a 3 X 50 ft roll. This is an item that can be found on sale in hardware â¦ stores as well. Answered