letter of credit

• Ein von einer Bank ausgestelltes Finanzdokument, das garantiert, dass die Zahlung des Käufers an den Verkäufer rechtzeitig und in der richtigen Höhe erfolgt; wird vor allem im internationalen Handel verwendet.

A financial document issued by a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount, commonly used in international trade.

1. Bank guarantee for paymentC1formal

   A document issued by a bank guaranteeing that a seller will receive payment from a buyer, provided the seller meets the terms specified in the letter.

   Akkreditiv

   • The exporter requested a letter of credit to ensure payment.
   • The bank issued a letter of credit for the international trade deal.
   • All terms of the letter of credit must be strictly followed.