![](/template/termwiki/images/likesmall.jpg)
Home > Terms > English, UK (UE) > Letter of credit
Letter of credit
A letter generated by a bank to a seller that authorises a draught payment for a specific amount based on meeting a predefined set of terms (an exact description of the goods, services and quantities).
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Software
- Category: Supply chain
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
La Défense
La Défense is a major business district located in the metropolitan area of Paris. It is the largest business district of Europe built for this ...
Contributor
Featured blossaries
Sony Mobile Terminology
0
Terms
1
Blossaries
4
Followers
My Favourite Terms
Category: Languages 2
1 Terms
![](/template/termwiki/images/likesmall.jpg)
dnatalia
0
Terms
60
Blossaries
2
Followers
Best Goalkeepers in Worldcup 2014
Category: Entertainment 1
9 Terms
![](/template/termwiki/images/likesmall.jpg)
![](https://accounts.termwiki.com/thumb1.php?f=334deb7b-1405395879.jpg&width=304&height=180)
Browers Terms By Category
- Radiology equipment(1356)
- OBGYN equipment(397)
- Cardiac supplies(297)
- Clinical trials(199)
- Ultrasonic & optical equipment(61)
- Physical therapy equipment(42)
Medical devices(2427) Terms
- Nightclub terms(32)
- Bar terms(31)
Bars & nightclubs(63) Terms
- General boating(783)
- Sailboat(137)
- Yacht(26)
Boat(946) Terms
- Bread(293)
- Cookies(91)
- Pastries(81)
- Cakes(69)