| NOUN | possession | letter of credit | a document issued by a bank that guarantees the payment of a customer's draft |
|---|
| Meaning | 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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| Narrower | commercial letter of credit | A letter of credit given to a business concern for commercial purposes |
| traveler's letter of credit, traveller's letter of credit | A letter of credit given to a traveler | |
| Broader | credit | money available for a client to borrow |
| document | A written account of ownership or obligation | |
| Spanish | carta de crédito, letra de crédito | |
| Catalan | carta de crèdit | |
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