letters of credit

A form of letter of credit — A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary against delivery of documents specified in the letter.

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Meanings

noun
  1. pluralplural of letter of credit
Cite this entry
APA

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

MLA

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

Chicago

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

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