How to pronounce “letter of credit”

Meaning

• [Noun]
• (finance, banking) A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary against delivery of documents specified in the letter.

Practice Nearby Words

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Similar Sounds

line of credit, extra credit, bad credit, accredit, untraversed, ultraviolet, ultra violet, center of gravity, centre of gravity, street cred