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letter of credit

let·ter of cred·it
L l

Transcription

    • US Pronunciation
    • US IPA
    • UK Pronunciation
    • UK IPA
    • [let-er uhv, ov kred-it]
    • /ˈlɛt ər ʌv, ɒv ˈkrɛd ɪt/
    • /ˈletə(r) əv ˈkredɪt/
    • US Pronunciation
    • US IPA
    • [let-er uhv, ov kred-it]
    • /ˈlɛt ər ʌv, ɒv ˈkrɛd ɪt/

Definitions of letter of credit words

  • noun letter of credit an order issued by a banker allowing a person named to draw money to a specified amount from correspondents of the issuer. 1
  • noun letter of credit an instrument issued by a banker authorizing a person named to make drafts upon the issuer up to an amount specified. 1
  • noun letter of credit bill of exchange 1
  • countable noun letter of credit A letter of credit is a letter written by a bank authorizing another bank to pay someone a sum of money. Letters of credit are often used by importers and exporters. 0
  • countable noun letter of credit A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers are unable to pay them. 0
  • noun letter of credit an order authorizing a named person to draw money from correspondents of the issuer 0
See all 10 definitions of letter of credit

Information block about the term

Origin of letter of credit

First appearance:

before 1635
One of the 43% oldest English words
First recorded in 1635-45

Historical Comparancy

Parts of speech for Letter of credit

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Full grammatical hierarchy of Letter of credit

letter of credit popularity

This term is known only to a narrow circle of people with rare knowledge. Only 29% of English native speakers know the meaning of this word.
According to our data about 62% of words is more used. This is a rare but used term. It occurs in the pages of specialized literature and in the speech of educated people.

letter of credit usage trend in Literature

This diagram is provided by Google Ngram Viewer

Synonyms for letter of credit

noun letter of credit

  • l/c — letter of credit
  • credit memorandum — a memorandum issued to an account allowing a credit or reducing a debit, especially one posted to a customer's account.
  • credit slip — A credit slip is the same as a credit note.
  • lettre de creance — letter of credit.
All 4 Synonyms of letter of credit

See also

Matching words

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