letter of credit
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letter of credit
noun letters of credit
-
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.
Similar: documentary credit, LC, L/C
Translations
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noun trade finance document
| 한국어 | 신용장 sinyongjang |
|---|---|
| 中文 | 信用證 /信用证 xìnyòngzhèng, 信用狀 /信用状 xìnyòngzhuàng |
| Português | carta de crédito |
| Français | lettre de crédit, accréditif |
| Deutsch | Akkreditiv |
| Ελληνικά | τραπεζική πίστωση trapezikí pístosi |
| Română | scrisoare de credit |
| Русский | аккредити́в akkreditív |
Talk about this word "letter of credit." Wiktionary, via Micwyn, micwyn.com/word/letter%20of%20credit. Accessed 6 Nov. 2026. letter of credit. (n.d.). In Wiktionary, via Micwyn. Retrieved November 6, 2026, from https://micwyn.com/word/letter%20of%20credit "letter of credit." Wiktionary, via Micwyn. Accessed November 6, 2026. https://micwyn.com/word/letter%20of%20credit.Cite this
@misc{letter_of_credit_2026,
title = {letter of credit},
howpublished = {Wiktionary, via Micwyn},
year = {2026},
url = {https://micwyn.com/word/letter%20of%20credit},
urldate = {2026-11-06}
}
