letter of credit

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

That includes reciprocal deposit networks, Federal Home Loan Bank letters of credit, and collateralized deposits, all of which allow financially sound banks to provide millions of dollars in insured coverage.

From Barron's

The lending to the units is backed by a letter of credit from another bank, according to filings in bankruptcy court in Houston.

From The Wall Street Journal

The French bank, which did business in Sudan from the late 1990s until 2009, provided letters of credit that allowed Sudan to honor import and export commitments.

From Barron's

The bill would also limit the value of security deposits and letters of credit required for commercial leases.

From Seattle Times

While customers usually pay up front and in dollars, "we had to resort to letters of credit with those buyers from Pakistan", said Muthaura.

From Reuters