Usually means: Guarantee for payments in trade.
Definitions Related words Phrases Mentions
We found 42 dictionaries that define the word letter of credit:

General (18 matching dictionaries)
  1. letter of credit: Longman Dictionary of Contemporary English
  2. letter of credit: Merriam-Webster
  3. letter of credit: Oxford Learner's Dictionaries
  4. letter of credit: American Heritage Dictionary of the English Language
  5. letter of credit: Collins English Dictionary
  6. letter of credit: Vocabulary.com
  7. letter of credit: Wordnik
  8. letter of credit: Cambridge Advanced Learner's Dictionary
  9. letter of credit: Wiktionary
  10. letter of credit: The Wordsmyth English Dictionary-Thesaurus
  11. letter of credit: Infoplease Dictionary
  12. letter of credit: Dictionary.com
  13. Letter of credit: Wikipedia, the Free Encyclopedia
  14. letter of credit: Rhymezone
  15. Letter of Credit: Dictionary of Phrase and Fable (1898)
  16. letter of credit: FreeDictionary.org
  17. letter of credit: Mnemonic Dictionary
  18. letter of credit, credit, letter of: TheFreeDictionary.com

Art (1 matching dictionary)
  1. English-Chinese Dictionary of Graphic Communications (Big 5) (No longer online)

Business (21 matching dictionaries)
  1. letter of credit: Merriam-Webster Legal Dictionary
  2. MoneyGlossary.com (No longer online)
  3. letter of credit: Law.com Dictionary
  4. Everybody's Legal Dictionary (No longer online)
  5. Travel Industry Dictionary (No longer online)
  6. INVESTORWORDS (No longer online)
  7. THE 'LECTRIC LAW LIBRARY'S REFERENCE ROOM (No longer online)
  8. LETTER OF CREDIT (LOC): Accounting Glossary
  9. Glossary of Legal Terms (No longer online)
  10. Letter of credit (L/C): bizterms.net
  11. Letter of credit: Bloomberg Financial Glossary
  12. eyefortransport e-commerce transportation glossary (No longer online)
  13. Letter of credit: Deardorff's Glossary of International Economics
  14. Bouvier's Law Dictionary 1856 Edition (No longer online)
  15. Letter Of Credit: Investopedia
  16. Glossary of International Trade Terms (No longer online)
  17. letter of credit, credit, letter of: Legal dictionary
  18. letter of credit, credit, letter of: Financial dictionary
  19. Glossary of Trade and Shipping Terms (No longer online)
  20. Accounting, Business Studies and Economics Dictionary (No longer online)
  21. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. letter of credit, credit, letter of: Encyclopedia

Medicine (1 matching dictionary)
  1. letter of credit: Medical dictionary

(Note: See letter_of_credits as well.)

Definitions from Wiktionary (letter of credit)

noun:  (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.

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