letter of credit

English

Noun

Wikipedia letter of credit (plural letters of credit)

1. (finance, banking) 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.

Synonyms

• (trade finance document): documentary credit, LC, L/C

Translations

trade finance document

• Finnish: remburssi (fi)
• French: lettre de crédit (fr) f
• Greek: τραπεζική πίστωση (el) (trapezikí pístossi) f
• Hungarian: hitellevél (hu)

• Portuguese: carta de crédito (pt)