Letter of credit
volume
British pronunciation/lˈɛtəɹ ɒv kɹˈɛdɪt/
American pronunciation/lˈɛɾɚɹ ʌv kɹˈɛdɪt/

Definition & Bedeutung von "letter of credit"

Letter of credit
01

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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