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re: Sending money to someone....conditionally
Posted on 1/13/15 at 2:53 pm to AngryBeavers
Posted on 1/13/15 at 2:53 pm to AngryBeavers
quote:
What's to stop Bob from pulling the money back after the service is completed by Mike?
That's why a letter of credit is used in the business world. The financial institution holds the funds based on a condition that must be completed.
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