Meaning Of The Word Letter of credit
What's the definition of Letter of credit? Find Letter of credit meanings, definitions and more at the Real Dictionary online.
Letter of credit Meaning
| Letter of credit Definition |
|---|
What's The Definition Of Letter of credit?
letter of credit
countable noun: 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. letter of credit in British English 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 an order authorizing a named person to draw money from correspondents of the issuer abbreviation: letter of credit noun: a letter issued by a bank entitling the bearer to draw funds up to a specified maximum from that bank or its agencies noun: an order issued by a banker allowing a person named to draw money to a specified amount from correspondents of the issuer letter of credit in Finance noun: A letter of credit is a letter written by a bank authorizing another bank to pay someone a sum of money. |
More Definitions
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Definitions Of The Day
- Delight ‐ to give great joy or pleasure; to give great joy…
- Remission ‐ the act or an instance of remitting; noun: the…
- Train-spotting ‐ noun: the activity of going to railway stations…
- Capuccio ‐ noun:…
- Wanted ‐ adjective: being searched for by the police in…
- Had ‐ Had is the past tense and past participle of have1…
- Magdalenian ‐ designating or of an Upper Paleolithic culture…
- Linkmen ‐ noun: (formerly) a boy who carried a torch for…
- Bifilar ‐ having two threads, wires, etc. as certain sensitive…
- Shipment ‐ A shipment is all of the goods being shipped together…