letter of credit | sense examples, Usage and Definition from wordnet dictionary online

Noun letter of credit has 1 sense

letter of credit - 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
--₁ is a kind of document; credit
--₁ has particulars:
commercial letter of credit; traveler's letter of credit, traveller's letter of credit

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