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Definisjon av letter of credit

Vi fant 2 definisjoner av letter of credit på engelsk.

Annonsering

WordNet WordNet by Princeton University

Noun
letter of credit - a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit
document anything serving as a representation of a person's thinking by means of symbolic marks
credit used in the phrase `to your credit' in order to indicate an achievement deserving praise; "she already had several performances to her credit";
commercial letter of credit a letter of credit given to a business concern for commercial purposes
= synonym
= antonym
= relatert ord

Wiktionary Wiktionary dictionary logo

Substantiv
letter of credit - A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary against delivery of documents specified in the letter.

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