documentary letter credit

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Definition of documentary letter credit in English English dictionary
documentary credit: a commercial letter of credit providing for payment by a bank to the name beneficiary, usually the seller of merchandise, against delivery of documents specified in the credit
documentary credit: A commercial Letter of Credit providing for payment by a bank to the named beneficiary, who is usually the seller of merchandise, against delivery of such documents as may be specified in the credit
documentary credit: All the conditions of a Letter of Credit are met through the presentation of documents, hence, Documentary Credit
documentary credit: Synonymous with "letter of credit "
documentary credit: Written undertaking by a bank on behalf of an importer authorizing an exporter to draw drafts on the bank up to a specified amount under specific terms and conditions Some time know as commercial letter of credit
documentary credit: Credit payable against presentation of documents
documentary credit: The basis of international trade by means of which payment is made against surrender of the specified documents
documentary credit: sometimes used as another name for a letter of credit
documentary credit: bank loan received by opening an account for the purpose of importing goods

documentary letter credit

Hyphenation

do·cu·men·ta·ry let·ter cred·it

däkyumentıri letır kredıt

/ˌdäkyo͞oˈmentərē ˈletər ˈkredət/ /ˌdɑːkjuːˈmɛntɜriː ˈlɛtɜr ˈkrɛdət/

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