• a letter from a bank allowing the person who has it to take a particular amount of money from a bank in another country


    Letters of credit meaning & definition 1 of Letters of credit.


  • a financial document in which a bank formally promises to pay a particular amount of money into the bank of a person selling goods if the goods are delivered by an agreed date and in an acceptable condition. Buyers often use letters of credit to buy goods from other countries:

    Letters of credit meaning & definition 2 of Letters of credit.

Similar Words

What is Define Dictionary Meaning?

Define Dictionary Meaning is an easy to use platform where anyone can create and share short informal definition of any word.
Best thing is, its free and you can even contribute without creating an account.



This page shows you usage and meanings of Letters of credit around the world.