letter of credit oor Oerdoe
letter of credit
en
(finance, banking) A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary against delivery of documents specified in the letter.
Vertalings in die woordeboek Engels - Oerdoe
lc
en
document issued by a financial institution
ur
letter of credit
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