commercial letter of credit
1commercial letter of credit — see letter of credit Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
2commercial letter of credit — noun a letter of credit given to a business concern for commercial purposes • Hypernyms: ↑letter of credit * * * see letter of credit * * * commercial letter of credit, = letter of credit. (Cf. ↑letter of credit) …
3commercial letter of credit — See letter of credit …
4commercial letter of credit — See letter of credit …
5commercial letter of credit — See letter of credit …
6commercial letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. A commercial or trade letter of credit is a bank promise to pay the third party for the purchase of goods by the bank s customer. If the bank s obligation to pay is not …
7Commercial Letter of Credit — Handelskreditbrief. 1. Begriff: Der C.L.o.C. zählt zur Gruppe der ⇡ negoziierbaren Akkreditive. Die akkreditiveröffnende Bank verpflichtet sich im C.L.o.C., Tratten, die vom Akkreditivbegünstigten auf den im C.L.o.C. benannten Bezogenen (auf die… …
8letter of credit — letter of credit: a document issued to a beneficiary at the request of the issuer s customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer s debt compare… …
9Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …
10letter of credit — 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 • Hypernyms: ↑document, ↑credit • Hyponyms: ↑commercial letter of credit, ↑traveler s letter of credit,… …
