draw the 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

• letter of credit — Succinctly, a letter authorizing the addressee to pay money or supply a commodity to a third person on the credit of the writer. 24 Am J1st Guar § 20. Wilbert Ward, in his American Commercial Credits at page 9, says: A buyer who can place in the… …   Ballentine's law dictionary

• 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

• The Letter (1940 film) — For the article about the 1927 play from which this film was adapted, see The Letter. Infobox Film | name =The Letter caption =Original poster director = William Wyler producer = Hal B. Wallis writer = Howard Koch Based on the play by W. Somerset …   Wikipedia

• 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

• traveler's letter of credit — A type of letter of credit which is addressed to a correspondent. When the traveler wishes to draw credit on the correspondent bank, he identifies himself as the person in whose favor the credit is drawn …   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