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  2. Wiktionary
  3. letter of credit
letter of credit

letter of credit

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English

Noun

English Wikipedia has an article on:
Wikipedia

letter of credit (plural letters of credit)

  1. (finance, banking) 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.

Synonyms

Derived terms

Translations

Pusat Layanan

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Jl. ZA. Pagar Alam No.9 -11, Labuhan Ratu, Kec. Kedaton, Kota Bandar Lampung, Lampung 35132
Phone: (0721) 702022
Email: pmb@teknokrat.ac.id