traveller's letter of credit

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Noun

traveller's letter of credit - a letter of credit given to a traveler

traveler's letter of credit

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

banker's check, traveler's check, traveller's check - a letter of credit issued by a bank or express company that is payable on presentation to any correspondent of the issuer

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