Copyright © Philip M. Parker, INSEAD. Terms of Use.
Definition: Commercial Letter Of Credit |
Commercial Letter Of CreditNoun1. A letter of credit given to a business concern for commercial purposes. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
| Domain | Definition |
Economics | An instrument by which a bank substitutes its credit for that of a customer to enable him to finance the purchase of goods or to incur other commitments. The bank issues a letter (or document) on behalf of its client to a supplier and agrees to pay them upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit. (references) |
Source: compiled by the editor from various references; see credits. | |
Crosswords: Commercial Letter Of Credit |
| Specialty definitions using "commercial letter of credit": Merchant's Credit. (references) |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
commercial letter of credit | 5 |
| Source: compiled by the editor from various references; see credits. | |
| Language | Translations for "commercial letter of credit"; alternative meanings/domain in parentheses. | ||||||||||
Japanese Kanji | εζ₯δΏ‘η"¨ηΆ . (various references) | ||||||||||
Japanese Katakana | γγγγγγγγ"γγγγγ. (various references) | ||||||||||
Pig Latin | ommercialcay etterlay ofay editcray carta de crΓ©dito comercial. (various references) | ||||||||||
| 1. Definition 2. Crosswords 3. Expressions: Internet 4. Translations: Modern | 5. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
