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letter of credit

noun

1 letter of credit

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.

Roget 805: credit, trust, tick, score, tally, account.    letter of credit, circular note; duplicate; mortgage, lien, debenture, paper credit, floating capital; ... show more

Roget 800: money, legal tender; money matters, money market; finance; accounts etc. 811; funds, treasure; capital, stock; assets etc. ... show more

Dutch: kredietbrief
Polish: list kredytowy


Moby thesaurus: CD, IOU, MO, Pastoral Epistle, acceptance, acceptance bill, aerogram, air letter, airgraph, bank acceptance, bank check, bill, bill of draft, bill of exchange, billet-doux, blank check, bull, certificate, certificate of deposit, certified check ... show more.

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