 letter_of_credit |
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| 1. | [ noun ] (finance) 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 | |
| Related terms: | credit document traveler's_letter_of_credit commercial_letter_of_credit | |
| Similar spelling: |
letter_of_marque letter_of_intent letter_of_jeremiah letter_opener |
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