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Definitions and Synonyms of letter of credit | Another word for letter of credit | What is letter of credit?

Definition 1: 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 - [noun denoting possession]

(letter of credit is a kind of ...) money available for a client to borrow

(letter of credit is a kind of ...) a written account of ownership or obligation

(... is a kind of letter of credit ) a letter of credit given to a business concern for commercial purposes

(... is a kind of letter of credit ) a letter of credit given to a traveler

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