Children's, Intermediate and Advanced Online English Dictionary & Thesaurus

Comprehensive
Dictionary Suite
Help
Help
Help
 
Advanced Dictionary    
Display options
 
Lookup History
letter of credit

letter of credit

 
pronunciation:
le tr v kre diht
part of speech: noun
definition: a letter from a bank authorizing the bearer to withdraw specified sums of money, usu. from other banks, finance houses, or agencies, to be charged to the bank that issued the letter.