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.
In March, to make up for the lost payments, the landlord used a letter of credit deposited by Twitter for $968,000.
From Washington Times • Jun. 15, 2023
Admiration aside, Intrater wanted to know about his investment and a promised letter of credit that secured it.
From Seattle Times • Jan. 20, 2023
That individual could then travel to any city with a Venetian bank branch and redeem the letter of credit, which could then be spent on trade goods.
From Textbooks • Jan. 1, 2020
But she gave no details and would not confirm that the centerpiece of the negotiation was the $15 billion letter of credit.
From New York Times • Sep. 2, 2019
On the strength of such a letter of credit, the shipper in South America, for example, is able to dispose of his bills on London and thus receive immediate payment for his goods.
From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur
