- revocable letter of credit
- changeable or cancelable promissory note stating that a bank will grant a loan
English contemporary dictionary. 2014.
revocable letter of credit
Look at other dictionaries:
revocable letter of credit — Assurance of funds issued by a bank that can be canceled at any time without prior notification to the beneficiary. Bloomberg Financial Dictionary * * * revocable letter of credit revocable letter of credit ➔ letter of credit … Financial and business terms
revocable letter of credit — See letter of credit … Big dictionary of business and management
revocable letter of credit — /ˌrevəkəb(ə)l ˌletər əv kredɪt/ noun a letter of credit that can be cancelled … Marketing dictionary in english
letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. There are many different kinds of letters of credit. The two most common are commercial letters and standby letters. A commercial or trade letter of credit is a bank… … Financial and business terms
letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions. Commercially, letters of credit are widely used in the international import and… … Accounting dictionary
letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions (see letter of indication). Commercially, letters of credit are widely used in the … Big dictionary of business and management
Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller … Wikipedia
letter of credit — An engagement by a bank or other person made at the request of a customer that the issuer will honor drafts or other demands for payment upon compliance with the conditions specified in the credit. A credit may be either revocable or irrevocable … Black's law dictionary
letter of credit — An engagement by a bank or other person made at the request of a customer that the issuer will honor drafts or other demands for payment upon compliance with the conditions specified in the credit. A credit may be either revocable or irrevocable … Black's law dictionary
revocable — Susceptible of being revoked, withdrawn or cancelled; e.g. revocable letter of credit @ revocable credit A credit which can be withdrawn or cancelled before its expiration date and without the consent of the person in whose favor it was drawn.… … Black's law dictionary
