COMMERCIAL LETTER OF CREDIT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A letter of credit given to a business concern for commercial purposes

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("commercial letter of credit" is a kind of...):

letter of credit (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)

Credits