credit letter — credit letter, = letter of credit. (Cf. ↑letter of credit) … Useful english dictionary
letter of credit — letter of credit: a document issued to a beneficiary at the request of the issuer s customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer s debt compare… … Law dictionary
letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. There are many different kinds of letters of credit. The two most common are commercial letters and standby letters. A commercial or trade letter of credit is a bank… … Financial and business terms
letter of credit — noun 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 • Hypernyms: ↑document, ↑credit • Hyponyms: ↑commercial letter of credit, ↑traveler s letter of credit,… … Useful english dictionary
credit — The ability of a business or person to borrow money, or obtain goods on time, in consequence of the favorable opinion held by the particular lender as to solvency and past history of reliability. In re Ford, B.C.Wash., 14 F.2d 848, 849.… … Black's law dictionary
credit — The ability of a business or person to borrow money, or obtain goods on time, in consequence of the favorable opinion held by the particular lender as to solvency and past history of reliability. In re Ford, B.C.Wash., 14 F.2d 848, 849.… … Black's law dictionary
Credit — (Roget s Thesaurus) < N PARAG:Credit >N GRP: N 1 Sgm: N 1 credit credit trust tick score tally account GRP: N 2 Sgm: N 2 letter of credit letter of credit circular note Sgm: N 2 duplicate duplicate … English dictionary for students
letter — n. & v. n. 1 a a character representing one or more of the simple or compound sounds used in speech, any of the alphabetic symbols. b (in pl.) colloq. the initials of a degree etc. after the holder s name. c US a school or college initial as a… … Useful english dictionary
credit — I (New American Roget s College Thesaurus) I n. faith, belief; credibility, trust; credit, borrowing power. v. t. believe, trust; credit. See accounting. II Borrowing power Nouns 1. credit, trust, score, tally, account, tab; loan (see debt);… … English dictionary for students
Letter (message) — The famous Einstein letter from Edward Teller and Leó Szilárd to US President Franklin Roosevelt suggesting an atomic bomb project. Click here for page 2. A letter is a written message from one party to another. The role of letters in… … Wikipedia
