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单词 letter of credit
释义
letter of credit
Word forms: letters of credit
1. countable noun
A letter of credit is a letter written by a bank authorizing another bank to pay someone a sum of money. Letters of credit are often used by importers and exporters. [business]
2. countable noun
A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers are unable to pay them. [business]
The project is being backed by a letter of credit from Lasalle Bank. [+ from]
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更新时间:2024/11/15 9:36:05