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letter of credit (73 synonym found)
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Definition of letter of credit:
(n) :
a document issued, generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary
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Definition of letter of credit:
(n) :
a document issued, generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary
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