HyperDic: commercial_letter_of_credit

English > 1 sense of the expression commercial letter of credit:
NOUNpossessioncommercial letter of credita letter of credit given to a business concern for commercial purposes
English > commercial letter of credit: 1 sense > noun 1, possession
MeaningA letter of credit given to a business concern for commercial purposes.
Broaderletter of creditA document issued by a bank that guarantees the payment of a customer's draft

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