Meaning of letter of credit | Babel Free
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
Deutsch
Akkreditiv
Suomi
remburssi
한국어
신용장
Polski
akredytywa
Português
carta de crédito
Русский
аккредитив
Türkçe
akreditif
CEFR level
C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
This word is part of the CEFR C1 vocabulary — advanced level.