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.
Twitter was then required to replenish the letter of credit by April 4, a deadline that it missed.
From Washington Times • Jun. 15, 2023
Though Intrater and his lawyers repeatedly requested the letter of credit, it never materialized.
From Seattle Times • Jan. 20, 2023
A letter of credit system that the central bank imposed on importers, an attempt to conserve dollars, had left everything from cars to chicken feed stuck in Egyptian ports.
From New York Times • Oct. 27, 2022
A letter of credit could be issued from one bank branch at a certain amount, redeemable only by the account owner.
From Textbooks • Jan. 1, 2020
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
