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banker's letter of credit

См. также в других словарях:

  • Letter of credit — Credit Cred it (kr[e^]d [i^]t), n. [F. cr[ e]dit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See {Creed}.] 1. Reliance on the truth of something said or done; belief; faith; trust;… …   The Collaborative International Dictionary of English

  • Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …   Wikipedia

  • letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. There are many different kinds of letters of credit. The two most common are commercial letters and standby letters. A commercial or trade letter of credit is a bank… …   Financial and business terms

  • letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions (see letter of indication). Commercially, letters of credit are widely used in the …   Big dictionary of business and management

  • letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions. Commercially, letters of credit are widely used in the international import and… …   Accounting dictionary

  • letter of credit right — A right to payment or performance under a letter of credit whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. The term does not include the right of a beneficiary to demand payment or… …   Financial and business terms

  • traveler's letter of credit — noun a letter of credit given to a traveler • Syn: ↑traveller s letter of credit • Hypernyms: ↑letter of credit • Hyponyms: ↑traveler s check, ↑traveller s check, ↑banker s check …   Useful english dictionary

  • traveller's letter of credit — noun a letter of credit given to a traveler • Syn: ↑traveler s letter of credit • Hypernyms: ↑letter of credit • Hyponyms: ↑traveler s check, ↑traveller s check, ↑banker s check …   Useful english dictionary

  • circular letter of credit — Credit Cred it (kr[e^]d [i^]t), n. [F. cr[ e]dit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See {Creed}.] 1. Reliance on the truth of something said or done; belief; faith; trust;… …   The Collaborative International Dictionary of English

  • letter of credit — Date: 1645 1. a letter addressed by a banker to a correspondent certifying that a person named therein is entitled to draw on the writer s credit up to a certain sum 2. a letter addressed by a banker to a person to whom credit is given… …   New Collegiate Dictionary

  • letter of credit — noun a letter written by one banker or merchant to another, requesting extension of credit to the person named therein, up to a specified amount …  

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