| 词汇 | standby-letter-of-credit |
| 释义 | standby letter of credit noun[ C ] ukuspluralstandby letters of credit FINANCE, BANKING an official document from a bank promising to pay back a loan, etc. if a customer fails to do so: Standby letters of credit are a commonly used financial device when dealing with large international contracts. Examples of standby letter of creditstandby letter of credit The terms standbyletterofcredit and blocked funds letter are also used. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Bank guarantees and standby letters of credit are also available. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. 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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