lettre de crédit

Definitions of lettre de crédit
  1. noun
    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
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    types:
    lettre de change au porteur
    a letter of credit given to a traveler
    chèque de voyage
    a letter of credit issued by a bank or express company that is payable on presentation to any correspondent of the issuer
    type of:
    crédit
    money available for a client to borrow
    justificatif
    a written account of ownership or obligation
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