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Meaning of letter of credit | Babel Free

Noun CEFR C1

Definitions

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.

Equivalents

Български акредитив
Bosanski akreditiv акредитив
Deutsch Akkreditiv
Esperanto akreditivo
Suomi remburssi
Français accréditif lettre de crédit
Hrvatski akreditiv акредитив
Magyar hitellevél
한국어 신용장
Polski akredytywa
Português carta de crédito
Română scrisoare de credit
Русский аккредитив
Српски akreditiv акредитив
Türkçe akreditif

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

letter of good conduct letter of guarantee letter of indemnity letter of intent letter of introduction Letter of Jeremiah

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