Understanding the meaning of letter of credit - BoostVocab

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letter of credit

Synonyms of letter of credit Antonyms of letter of credit Examples of letter of credit Usage of letter of credit Parts of letter of credit Definition that contains letter of credit Words sounding like letter of credit Explanation of letter of credit

noun
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
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type of:
credit document

Explanation of letter of credit

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