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 Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.
MAGNETIC TAPES. reels - kind of tape - bias - cross reference list - care/handling - tape life - tape restoring - tapes for sale - sound quality. REELS. Reels are wound on plastic or aluminium flange which diameter ranges from 3.1/4 to 10.1/2â for different playing time. Table below shows recording time referred to different speeds for standard and long, or extended, play tapes (one side only).