letter of credit

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Related to credit, letter of: bill of lading, line of credit, Irrevocable letter of credit, Standby Letter of Credit
  • noun

Words related to letter of credit

a document issued by a bank that guarantees the payment of a customer's draft

References in periodicals archive ?
Initial financing for this acquisition will be provided via an expansion of the Partnership's existing $700 million revolving credit, letter of credit and inventory facility.