letters of credit

listen to the pronunciation of letters of credit
Englisch - Türkisch
(Ticaret) akreditifler
akreditif
akreditif mektupları
Englisch - Englisch
plural form of letter of credit
(Also known as "Documentary Credit"), a Letter of Credit is an authority issued by a bank requiring the recipient to pay a sum of money to a specified person or company upon fulfilment of the stipulated terms and conditions See an animation about "Letters of Credit" by clicking here
A letter of credit is a guarantee of payment by a bank (issuing institution)to a third party for a specific amount of money, if certain conditions are met
a document where a commercial bank authorizes a broker-dealer to borrow money as required to meet its obligations The broker-dealer pays an annual fee based on a percentage of the amount borrowed
A guarantee by a bank to honor a borrowing by its customer from a third party, which states the customer has reserved on deposit with the bank sufficient funds to cover the borrowing
letters of credit

    Silbentrennung

    let·ters of cred·it

    Türkische aussprache

    letırz ıv kredıt

    Aussprache

    /ˈletərz əv ˈkredət/ /ˈlɛtɜrz əv ˈkrɛdət/
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