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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