letter of credit

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

Françaisaccréditif lettre de crédit

DeutschAkkreditiv

Portuguêscarta de crédito

12 more languages

Българскиакредитив

Bosanskiakreditiv акредитив

Esperantoakreditivo

Hrvatskiakreditiv акредитив

Magyarhitellevél

한국어신용장

Polskiakredytywa

Românăscrisoare de credit

Русскийаккредитив

Српскиakreditiv акредитив

Türkçeakreditif

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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