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 Tapes were originally open reels, but were superseded by cartridges and cassettes of many sizes and shapes.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 field produced by a microwave oven, in use, at a distance of 30 cm (1 ft) 10 â5 24 Î¼T: 240 mG: Strength of magnetic tape near tape head: 31 Î¼T: 310 mG: Strength of Earth's magnetic field at 0Â° latitude (on the equator) 58 Î¼T