letter of credit

English

Noun

letter of credit (plural letters of credit)

1. (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.

Synonyms

• (trade finance document): documentary credit, LC, L/C

Derived terms

• time letter of credit

 

Translations

trade finance document

• Bulgarian: акредити́в (bg) m (akreditív)
• Chinese:

  Mandarin: 信用證／信用证 (zh) (xìnyòngzhèng), 信用狀／信用状 (zh) (xìnyòngzhuàng)

• Danish: please add this translation if you can
• Esperanto: akreditivo
• Finnish: remburssi (fi)
• French: lettre de crédit (fr) f, accréditif (fr)
• German: Akkreditiv n
• Greek: τραπεζική πίστωση f (trapezikí pístosi)
• Hungarian: hitellevél (hu)
• Korean: 신용장 (ko) (sinyongjang)
• Polish: akredytywa (pl) f
• Portuguese: carta de crédito (pt)
• Romanian: scrisoare de credit (ro) f
• Russian: аккредити́в (ru) m (akkreditív)
• Spanish: please add this translation if you can
• Turkish: akreditif (tr)