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单词 standby letter of credit
释义
  • Business

standby letter of creditnoun [ C ]

ukusplural standby letters of credit

FINANCE, BANKING an official document from a bank promising to pay back a loan, etc. if a customer fails to do so:

Standby letters of credit are a commonly used financial device when dealing with large international contracts.
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更新时间:2024/11/10 8:07:00