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

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “letter of credit”

See all translations

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)
What is the pronunciation of letter of credit?
Add Cambridge dictionaries to your browser to your website

Definitions of “letter of credit” in other dictionaries

Word of the Day

paradox

a situation or statement that seems impossible or is difficult to understand because it contains two opposite facts or characteristics

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More