letter of credit

English

Noun

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letter of credit

letter of credit (plural letters of credit)

(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)

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