letter of credit

letter of credit

English

Noun

letter of credit (plural letters of credit)

1. (finance, banking) 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.

Synonyms

• (trade finance document): documentary credit, LC, L/C

Translations

trade finance document

Chinese: Mandarin: 信用證 (zh), 信用证 (zh) (xìnyòngzhèng), 信用狀 (zh), 信用状 (zh) (xìnyòngzhuàng) Danish: please add this translation if you can Esperanto: akreditivo Finnish: remburssi (fi) French: lettre de crédit (fr) f German: Akkreditiv n

Greek: τραπεζική πίστωση f (trapezikí pístosi) Hungarian: hitellevél Korean: 신용장 (ko) (sinyongjang) Portuguese: carta de crédito (pt) Russian: аккредити́в (ru) m (akkreditív) Spanish: please add this translation if you can