| English Dictionary |
COMMERCIAL LETTER OF CREDIT
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| IPA (US): |  |
Dictionary entry overview: What does commercial letter of credit mean?
• COMMERCIAL LETTER OF CREDIT (noun)
The noun COMMERCIAL LETTER OF CREDIT has 1 sense:
1. a letter of credit given to a business concern for commercial purposes
Familiarity information: COMMERCIAL LETTER OF CREDIT used as a noun is very rare.
Dictionary entry details
• COMMERCIAL LETTER OF CREDIT (noun)
Sense 1
Meaning:
A letter of credit given to a business concern for commercial purposes
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("commercial letter of credit" is a kind of...):
letter of credit (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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