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.
Although ISL’s 2001 bankruptcy exposed the risk of relying on a single partner, the ATP survived because Miles and Scott had secured a $200 million Swiss letter of credit.
From Los Angeles Times ● Sep. 9, 2026
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 ● Nov. 19, 2025
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
The letter of credit did not exist, the SEC would later tell a court.
From Seattle Times ● Jan. 20, 2023
He asked me if I had plenty of money and I told him yes, indeed, my letter of credit was good for almost any amount.
From Molly Brown of Kentucky by Nell Speed
