to draw from a 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 — n. a letter from a bank asking that the holder of the letter be allowed to draw specified sums of money from other banks or agencies, to be charged to the account of the writer of the letter …   English World dictionary

• letter of credit — An engagement by a bank or other person made at the request of a customer that the issuer will honor drafts or other demands for payment upon compliance with the conditions specified in the credit. A credit may be either revocable or irrevocable …   Black's law dictionary

• letter of credit — An engagement by a bank or other person made at the request of a customer that the issuer will honor drafts or other demands for payment upon compliance with the conditions specified in the credit. A credit may be either revocable or irrevocable …   Black's law 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 — let′ter of cred′it n. 1) bus a document issued by a banker allowing the person named to draw money to a specified amount 2) bus a letter from a bank notifying a person that drafts on the issuer have been authorized up to a specified amount •… …   From formal English to slang

• letter of credit — 1. an order issued by a banker allowing a person named to draw money to a specified amount from correspondents of the issuer. 2. an instrument issued by a banker authorizing a person named to make drafts upon the issuer up to an amount specified …   Universalium

• Confirmed Letter Of Credit — A second guarantee, in addition to a letter of credit, that commits to payment of the letter of credit. A confirmed letter of credit is typically used when the issuing bank of the letter of credit may have questionable creditworthiness and the… …   Investment dictionary

• 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; confidence.… …   The Collaborative International Dictionary of English

• Credit unions in the United States — Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account Money market account Certificate of deposit …   Wikipedia

• credit — n. & v. n. 1 (usu. of a person) a source of honour, pride, etc. (is a credit to the school). 2 the acknowledgement of merit (must give him credit for consistency). 3 a good reputation (his credit stands high). 4 a belief or trust (I place credit… …   Useful english dictionary