Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “bilateral credit”

bilateral credit

noun [U]     MONEY
a situation in which two people or groups agree not to ask for debts to be paid for a particular period of time: Risks may be controlled centrally by obliging a participant to establish a bilateral credit limit with every other participant.
(Definition of bilateral credit noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of bilateral credit

Word of the Day

closeness

the quality of knowing someone very well, liking them a lot, and wanting to spend a lot of time together

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More