Concept information
Término preferido
letter of credit
Definición
- A letter of credit (LC) or documentary credit is a means of payment in a trade transaction that commits the issuer, usually a commercial bank, on behalf of its customer, a buyer, to pay a seller contingent on documentary evidence that the seller has met the terms and conditions of the letter of credit. A letter of credit is commonly used in international trade. [Source: Encyclopedia of Business in Today's World; Letter of Credit]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-SGCCH30J-N
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}