| / English Dictionary |
COMMERCIAL LETTER OF CREDIT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A letter of credit given to a business concern for commercial purposes
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("commercial letter of credit" is a kind of...):
letter of credit (a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit)
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