letter of credit definition, meaning - what is letter of credit in the British English Dictionary & Thesaurus - Cambridge Dictionaries Online

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English definition of “letter of credit”

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letter of credit

noun [C] uk   us  
a letter from a bank allowing the person who has it to take a particular amount of money from a bank in another country
Translations of “letter of credit”
in Chinese (Traditional) 信用狀…
in Chinese (Simplified) 信用证…
(Definition of letter of credit from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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