commercial letter of credit

noun

A document issued by a bank that guarantees payment to a supplier for goods or services.

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Meanings

nouncommercial letter of credit (plural commercial letters of credit)

plural commercial letters of credit

  1. bankingA document issued by a bank that guarantees payment to a supplier for goods or services.
Cite this entry
APA

commercial letter of credit. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/commercial%20letter%20of%20credit

MLA

“commercial letter of credit.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/commercial%20letter%20of%20credit. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “commercial letter of credit,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/commercial%20letter%20of%20credit.

Source: commercial letter of credit on Wiktionary, CC BY-SA 4.0.