Phrase guide
Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.
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noun
A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary against delivery of documents specified in the letter.
Definition source: English Wiktionary via Wiktextract
Topics: banking, business, finance
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
noun
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
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
Broader terms: credit, document
Narrower terms: commercial letter of credit, traveler's letter of credit, traveller's letter of credit
History
No etymology was provided for this word.
Across languages
16 source translations are retained for this English entry.
