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Noun: letter of credit
  1. 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

Derived forms: letters of credit

Type of: credit, document

Encyclopedia: Letter of credit

Nearest

Leto
let-out
Lett
lettable
letter
letter bomb
letter bond
letter box
letter carrier
letter case
letter of credit
letter of intent
Letter of Jeremiah
letter of mark and reprisal
letter of marque
letter of the alphabet
letter opener
letter paper
letter security
letter stock
letter telegram