commercial letters of credit

A form of commercial letter of credit — A document issued by a bank that guarantees payment to a supplier for goods or services.

Meanings

noun
Cite this entry
APA

commercial letters of credit. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/commercial%20letters%20of%20credit

MLA

“commercial letters of credit.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/commercial%20letters%20of%20credit. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “commercial letters of credit,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/commercial%20letters%20of%20credit.

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