ALL meanings of letter of credit
let·ter of cred·it
L l - noun letter of credit bill of exchange 1
- noun letter of credit an order issued by a banker allowing a person named to draw money to a specified amount from correspondents of the issuer. 1
- noun letter of credit an instrument issued by a banker authorizing a person named to make drafts upon the issuer up to an amount specified. 1
- countable noun letter of credit A letter of credit is a letter written by a bank authorizing another bank to pay someone a sum of money. Letters of credit are often used by importers and exporters. 0
- countable noun letter of credit A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers are unable to pay them. 0
- noun letter of credit an order authorizing a named person to draw money from correspondents of the issuer 0
- noun letter of credit a letter issued by a bank entitling the bearer to draw funds up to a specified maximum from that bank or its agencies 0
- noun letter of credit a letter addressed by a bank instructing the addressee to allow the person named to draw a specified sum on the credit of the addressor bank 0
- noun letter of credit a letter from a bank asking that the holder of the letter be allowed to draw specified sums of money from other banks or agencies, to be charged to the account of the writer of the letter 0
- noun letter of credit A letter of credit is a letter written by a bank authorizing another bank to pay someone a sum of money. 0