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 Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.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 Marketing System Toolkit Detailed Overview. â Magnetic marketing â is a term used to describe advertising, customer/client attraction strategies, direct marketing and persuasion strategies all directed at generating sales. Internet marketers all need sales in order to make money online.an Kennedy's stellar reputation is what drives sales for his products including Magnetic Marketing System Toolkit. Searching online for Ripoff Reports reveal that there are no results under Magnetic Marketing System Toolkit or Dan Kennedy.