单选题 If a bank negotiates a credit, it will advance money to the beneficiary on presentation of the required documents and will charge interest on the advance from the date of the advance until such time as it receives reimbursement from the issuing bank. Such negotiation advances are said to with recourse, so that, if payment is not ultimately forthcoming from the issuing bank, the negotiating bank will be able to claim repayment from the beneficiary of the advance, plus interest.

单选题 The negotiation of a credit means that the beneficiary can get the money at some future date.

单选题 The beneficiary will have to pay interest for the advance money provided unconditionally by the bank if it negotiates a credit.

单选题 Where a bank negotiates a credit and makes advance payment to the beneficiary, the negotiation advances are without recourse.