Meaning of letter of credit in English

Table of contents
  1. Pronunciation
  2. Noun
    1. Definitions

  1. Pronunciation

    US accent

    UK accent

  1. Noun

    letter of credit

    Definitions

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

    Examples

    • « substitutes the bank's credit for the customer's credit »

Browse dictionary