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单词 letter of credit
释义

letter of credit

From Longman Dictionary of Contemporary EnglishRelated topics: Loansletter of creditˌletter of ˈcredit noun [countable]  BFLan official letter from a bank allowing a particular person to take money from another bankExamples from the Corpusletter of creditThe financing is backed by a letter of credit from Societe General, Bancomext said in the statement.From a letter of credit standpoint, however, the receipt message can also play a more definitive role.Was Mocatta J. right to hold that the automatic obligation to increase the retum letter of credit was consideration?From Longman Business Dictionaryletter of creditˌletter of ˈcredit written abbreviation l/c noun (plural letters of credit) [countable]FINANCE1in foreign trade, a written promise by an importer’s bank to pay the exporter’s bank on a particular date or at a particular time after the goods are sent by the exporterCoffee buyers in Central America are required to have proof of financing, such as a letter of credit. confirmed letter of credit irrevocable letter of credit revocable letter of credit standby letter of credit2when bonds are sold, a written promise by a bank that it will repay the bonds to lenders if the borrower is unable to repay themThe notes are backed by a letter of credit from Morgan Guaranty Trust Co.
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