Revocable Letter of Credit : A letter of credit that can be cancelled or altered by the drawee (buyer) after it has been issued by the drawee's bank. Compare 'Irrevocable Letter of Credit'
Ulster Bank (Business/Products/International-Banking), Guide to International Business, Glossary of Terms, Belfast, Northern Ireland 2012. http://www.ulsterbank.com/ni/business/products/int ernational-banking/guide-to-international-business /glossary-of-terms.ashx, (Mrtm/ Int Biz and Banking - Brit) {540}