| 单词 | letter of credit |
| 释义 | letter of credit (once / 12588 pages) n WORD FAMILY letter of credit: letters of credit USAGE EXAMPLESThursday’s announcement of a “letter of credit” stops short of providing an actual cash infusion, Hebert said. Seattle Times(Dec 29, 2016) Public institutions also wouldn’t be required to post letters of credit because they are backed by “the full faith and credit of the State.” Wall Street Journal(Nov 01, 2016) The transaction was executed by means of a letter of credit - a widely used way to cut risk between importers and exporters. Reuters(Sep 07, 2016) 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 Hypo|Hyper commercial letter of credit a letter of credit given to a business concern for commercial purposes traveler's letter of credit, traveller's letter of credita letter of credit given to a traveler banker's check, traveler's check, traveller's checka letter of credit issued by a bank or express company that is payable on presentation to any correspondent of the issuer credit money available for a client to borrow documenta written account of ownership or obligation |
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