documentary letter of credit documentary credit
11documentary 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… …
12documentary 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 …
13credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …
14Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …
15Documentary collection — A documentary collection is a process, in which the seller instructs his bank to forward documents related to the export of goods to the buyer s bank with a request to present these documents to the buyer for payment, indicating when and on what… …
16Crédit Documentaire — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …
17Crédit documentaire — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …
18Crédit documentaire irrévocable — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …
19documentary credit — /ˌdɒkjυment(ə)ri kredɪt/ noun a credit document used in export trade, when a bank issues a letter of credit against shipping documents …
20documentary credit — See: letter of credit …
