letter of credit

Contents

EnglishEdit

NounEdit

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.

SynonymsEdit

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

TranslationsEdit

trade finance document

• Chinese:

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

• Finnish: remburssi (fi)
• French: lettre de crédit (fr) f
• German: Akkreditiv n
• Greek: τραπεζική πίστωση f (trapezikí pístosi)

• Hungarian: hitellevél
• Korean: 신용장 (ko) (sinyongjang)
• Portuguese: carta de crédito (pt)
• Russian: please add this translation if you can
• Spanish: please add this translation if you can