Cerca
Letter of credit
/lˈɛtəɹ ɒv kɹˈɛdɪt/
/lˈɛɾɚɹ ʌv kɹˈɛdɪt/
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
Cerca
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