letter of credit

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  • 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 ?
BANKING AND CREDIT NEWS-March 8, 2011--CRISIL rates standby line of credit, letter of credit of PCH Marketing at P4+(C)2011 M2 COMMUNICATIONS http://www.m2.com
^Includes a sub-limit of Rs.30.00 million for Foreign Letter of Credit, Inland letter of Credit, Letter of Credit