commercial letter of credit

1. 1.

   a letter of credit given to a business concern for commercial purposes

   Broaderletter of credit

Questions about commercial letter of credit

What does commercial letter of credit mean?

commercial letter of credit means "a letter of credit given to a business concern for commercial purposes".

Is commercial letter of credit a common word?

commercial letter of credit is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.