documentary credit
1documentary credit — ➔ credit1 * * * documentary credit UK US noun [C or U] (ABBREVIATION DC, also documentary letter of credit) COMMERCE ► in international trade, an arrangement in which a bank in a country importing goods agrees to pay for goods bei …
2documentary credit — International Also known as a letter of credit (letters of credit). The most frequent form of payment in international trade. A letter of credit is a contract under which a bank agrees to pay the seller, in connection with the export of specific… …
3documentary credit — Credit which is extended on documents of title or other legal documents …
4documentary credit — Credit which is extended on documents of title or other legal documents …
5documentary credit — /ˌdɒkjυment(ə)ri kredɪt/ noun a credit document used in export trade, when a bank issues a letter of credit against shipping documents …
6documentary credit — See: letter of credit …
7documentary credit — See letter of credit …
8documentary credit — /ˌdɒkjumɛntri ˈkrɛdət/ (say .dokyoohmentree kreduht) noun a credit established by a banker at the request of an importer, under which the banker s name is used as drawee of bills of exchange covering the cost of goods sold to the importer, such… …
9Documentary Credit — ⇡ Akkreditiv …
10documentary credit — bank loan received by opening an account for the purpose of importing goods …