NOUN
- a letter of credit given to a business concern for commercial purposes
How To Use commercial letter of credit In A Sentence
- It grew from the traditional commercial letter of credit, and inherited the characteristics of the letter of credit, independence principle and strict compliance standard and so on.
- A standard, commercial letter of credit is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking.
- A standard, commercial letter of credit is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking.
