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.

The lending to the units is backed by a letter of credit from another bank, according to filings in bankruptcy court in Houston.

From The Wall Street Journal

The French bank, which did business in Sudan from the late 1990s until 2009, provided letters of credit that allowed Sudan to honor import and export commitments.

From Barron's

A lawyer for James, Dennis Fan, in response called Trump's filing "procedurally improper" and argued Trump has not explained why he can't post his real estate or obtain a letter of credit.

From Salon

The bill would also limit the value of security deposits and letters of credit required for commercial leases.

From Seattle Times

While customers usually pay up front and in dollars, "we had to resort to letters of credit with those buyers from Pakistan", said Muthaura.

From Reuters