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.
In March, to make up for the lost payments, the landlord used a letter of credit deposited by Twitter for $968,000.
From Washington Times • Jun. 15, 2023
The letter of credit did not exist, the SEC would later tell a court.
From Seattle Times • Jan. 20, 2023
A letter of credit system that the central bank imposed on importers, an attempt to conserve dollars, had left everything from cars to chicken feed stuck in Egyptian ports.
From New York Times • Oct. 27, 2022
That individual could then travel to any city with a Venetian bank branch and redeem the letter of credit, which could then be spent on trade goods.
From Textbooks • Jan. 1, 2020
Your letter of credit will be worthless, because there will be no way in which our bankers can get gold from America.
From The Girl from Alsace A Romance of the Great War, Originally Published under the Title of Little Comrade by Stevenson, Burton Egbert
