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letter of credit is a noun meaning "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". It carries one recorded sense.
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
Definitions, synonyms and semantic relations for letter of credit come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.