Letter Of Credit
[n] a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit
Related Information
Related Terms
acceptance, acceptance bill, aerogram, air letter, airgraph, bank acceptance, bank check, bill, bill of draft, bill of exchange, billet-doux, blank check, bull, CD, certificate, certificate of deposit, certified check, chain letter, charge card, charge pl