VDict - Definition of letter of credit

English - English (Wordnet) dictionary (also found in English - Vietnamese, )

letter of credit

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Noun

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

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Words contain "letter of credit":
commercial letter of credit letter of credit traveler's letter of credit traveller's letter of credit
Words contain "letter of credit" in its definition in English - English (Wordnet) dictionary:
banker's check traveller's check traveler's check grade point acquirer commercial letter of credit merchant bank traveller's letter of credit credit traveler's letter of credit more...

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