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letter of credit - Übersetzung nach griechisch
DOCUMENT ISSUED BY A FINANCIAL INSTITUTION
Letters of credit; Letter of Credit; Documentary credit; L/C; Standby letter of credit; Commercial letter of credit; Guaranteed letter of credit; Open letter of credit; Back-to-back letter of credit; SBLC; Documentary credits; Cash against documents; Cash against Documents; Letters of Credit; User:Ishanp95/sandbox; Letter of undertaking; Draft:Letter of undertaking
letter of credit
πίστωση τραπεζική
line of credit
CREDIT SOURCE EXTENDED TO A GOVERNMENT, BUSINESS OR INDIVIDUAL BY A BANK OR OTHER FINANCIAL INSTITUTION
Cash credit; Credit Facility; Lines of credit; Credit facility; Personal Line of Credit; Credit account; Debt facility; Line of Credit
πίστωση τραπεζική
credit note
COMMERCIAL DOCUMENT ISSUED BY A SELLER TO A BUYER
Credit Memo; Bill Credit; Credit memo; Credit memorandum
πιστωτικό σημείωμα
Definition
letter of credit
1.
A letter of credit is a letter written by a bank authorizing another bank of pay someone a sum of money. Letters of credit are often used by importers and exporters. (BUSINESS)
N-COUNT
2.
A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers is unable to pay them. (BUSINESS)
The project is being backed by a letter of credit from Lasalle Bank.
N-COUNT
Wikipedia
Letter of credit
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, when the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter that assumes the counterparty risk of the buyer paying the seller for goods.
Beispiele aus Textkorpus für letter of credit
1. One of the other investors, Bear Stearns Cos., tried to cash the Hong Kong firm‘s letter of credit.
2. According to the bill, each college will have to submit a letter of credit for 500,000 euros to state authorities before being granted an operating license.
3. Havana has to pay for the time that ships sit idle after loading while waiting for payment or pay a fee to use a letter of credit.
4. "Nanjing has paid a non–refundable deposit, and there will be a letter–of–credit payment in respect of the money.
5. If the contract is approved, the ministry must apply for a letter of credit through the Finance Ministry to obtain the cash to pay for the contract.