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letter of credit
(redirected from Documentary Credits)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
letter of credit
n. pl. letters of credit Abbr. L/C
A letter issued by a bank authorizing the bearer to draw a stated amount of money from the issuing bank, its branches, or other associated banks or agencies.
letter of credit
n
1. (Economics, Accounting & Finance / Banking & Finance) a letter issued by a bank entitling the bearer to draw funds up to a specified maximum from that bank or its agencies
2. (Economics, Accounting & Finance / Banking & Finance) a letter addressed by a bank instructing the addressee to allow the person named to draw a specified sum on the credit of the addressor bank
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.letter of credit - 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
credit - money available for a client to borrow
commercial letter of credit - a letter of credit given to a business concern for commercial purposes
traveler's letter of credit, traveller's letter of credit - a letter of credit given to a traveler
document - a written account of ownership or obligation
Translations
letter of credit n → lettera di credito
documentary letter of credit → lettera di credito documentata
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She specialises in complex commercial claims and cross-jurisdictional litigation, particularly relating to banking, financial services, documentary credits and international trade law.
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The Uniform Customs and Practices for Documentary Credits (UCP) is a body of rules and guidelines governing letters of credit in international trade.
What Are the Uniform Customs and Practices for Documentary Credits? by Richard Einerhann / Law community
Established in 1995 and based in Palestine, Quds Bank is engaged in Commercial Banking and Investments through Lending, Financing, Opening Accounts and Documentary Credits.
Quds Bank Selects EastNets Suite of Financial Solutions by Albawaba.com
 
 
 
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