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letter of credit
noun phrase
Examples of letter of credit in a Sentence
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'letter of credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
1616, in the meaning defined at sense 1
Dictionary Entries Near letter of credit
Cite this Entry
“Letter of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/letter%20of%20credit. Accessed 31 Oct. 2024.
Legal Definition
letter of credit
Note: A letter of credit is usually requested by a buyer of merchandise (the issuer's customer) to be issued to the seller (the beneficiary) in order to secure the payment for the merchandise.
More from Merriam-Webster on letter of credit
Britannica.com: Encyclopedia article about letter of credit
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