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Definitions

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

Though Intrater and his lawyers repeatedly requested the letter of credit, it never materialized.

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

A letter of credit could be issued from one bank branch at a certain amount, redeemable only by the account owner.

From Textbooks • Jan. 1, 2020

Mr. Hardcastle tossed, as he spoke, the letter of credit to Mr. Dundyke.

From Mildred Arkell, Volume II (of 3) A Novel by Wood, Mrs. Henry