| 词汇 | documentary-credit |
| 释义 | documentary credit noun[ C or U ] COMMERCEukus(abbreviationDC); (alsodocumentary letter of credit) in international trade, an arrangement in which a bank in a country importing goods agrees to pay for goods being exported when it receives documents showing that the goods have been sent Compare documentary collection Examples of documentary creditdocumentary credit Examples of such trade procedures are documentarycredit procedures, in which a set of documents is exchanged between trading parties to control each others actions. What makes it a system is that it employs cash-substitutes; traditional payment systems are negotiable instruments such as drafts (e.g., checks) and documentary credits such as letter of credits. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The only problem is that his margin is only about 10 per cent. and, in order to avoid the costs of documentary credits, he trades in the cheapest way possible. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 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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