Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun letter_of_credit

1 sense of letter of credit

Sense 1
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)
       => document -- (a written account of ownership or obligation)
       => credit -- (money available for a client to borrow)