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

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

But she gave no details and would not confirm that the centerpiece of the negotiation was the $15 billion letter of credit.

From New York Times • Sep. 2, 2019

I was to take with me letters recommendatory to a number of his friends, besides the letter of credit to furnish me with the necessary money for purchasing the press, types, paper, &c.

From Memoirs of Benjamin Franklin; Written by Himself. [Vol. 1 of 2] With His Most Interesting Essays, Letters, and Miscellaneous Writings; Familiar, Moral, Political, Economical, and Philosophical by Franklin, Benjamin