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Definition of letter of credit noun from the Oxford Advanced Learner's Dictionary

letter of credit

noun
 
/ˌletər əv ˈkredɪt/
 
/ˌletər əv ˈkredɪt/
(plural letters of credit)
(finance)
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  1. a letter from a bank that allows you to get a particular amount of money from another bank, especially one in a different country
See letter of credit in the Oxford Advanced American Dictionary
Check pronunciation: letter of credit

Nearby words

brink
noun
 
 
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Danger
C2
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