Answer in one sentence.
1) What is a Letter of Credit?
A Letter of Credit is a payment or method, generally used for an international trade transaction.
2) Which facility is given to Current Account holder?
Overdraft facility is given to Current Accountholder.
3) What do you mean by stop payment of cheque?
Ans:- A cheque in respect of which the account holder requests the bank not to make payment or stop payment on it is called stop payment cheque.