| 词汇 | letter-of-credit |
| 释义 | letter of credit noun[ C ] uk /ˌlet.ər əv ˈkred.ɪt/ us /ˌlet̬.ɚ əv ˈkred.ɪt/ a letter from a bank allowing the person who has it to take a particular amount of money from a bank in another country信用证 Payment methods anti-kickback ATM card automatic withdrawal bad cheque baksheesh bribe chip liquid meal ticket microtransaction monetization monetize money-back monometallic PFI ready money remittance rubber severance wave and pay letter of credit | Business Englishletter of credit noun[ C ] ukuspluralletters of credit(abbreviationL/C) FINANCE, COMMERCE a financial document in which a bank formally promises to pay a particular amount of money into the bank of a person selling goods if the goods are delivered by an agreed date and in an acceptable condition. Buyers often use letters of credit to buy goods from other countries: The bank issued the letter of credit on the instructions of the importer. For export sales, the price of the goods are secured by a letter of credit. FINANCE in a situation in which bonds, etc. are sold, a written promise by a bank to pay the lender if the borrower is unable to do so: The notes are secured by bank letters of credit. See alsoconfirmed letter of credit documentary letter of credit irrevocable letter of credit standby letter of credit Examples of letter of creditletter of credit Royce's clients eventually refused to extend the letterofcredit, leaving it with no option but to cancel the contract, incur the associated financial penalties and close its operation. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 It was in relation to being right first time particularly with letters of credit, and the need for training. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Cover is available for short term business (up to 180 days credit) subject to the security of confirmed irrevocable letters of credit. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 For instance, would they be arrangements at a stated premium, or with or without a letterofcredit, or with a confirmed letterofcredit? From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The firm also wrote to its customer and requested an extension of the letterofcredit. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 We want a bank letterofcredit up front before we will deliver the machines. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Few overseas orders nowadays are on a letterofcredit basis, where the date of delivery is tightly specified. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 As recently as 20 years ago, the normal method of obtaining payment in many countries was through the letterofcredit. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Nearly always it is done by opening a letterofcredit when the goods are ready. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 It is not sufficient to say that the ban will affect only those goods for which an irrevocable letterofcredit has been opened. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 It puts in an impossible position an importer who has already ordered goods for which an irrevocable letterofcredit has been issued. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 He has not asked for an irrevocable letterofcredit seven or eight months earlier. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Fortunately, the firm received from its customer an extension of its letterofcredit. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 There are in fact three different entities participating in the letterofcredit transaction the seller, the buyer, and the banker. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Yet the company refuses to post any letterofcredit as required by the government. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. See all examples of letter of credit These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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