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Definition of Commercial letter of credit
1. Noun. A letter of credit given to a business concern for commercial purposes.
Lexicographical Neighbors of Commercial Letter Of Credit
Literary usage of Commercial letter of credit
Below you will find example usage of this term as found in modern and/or classical literature:
1. Foreign Exchange by Albert Conser Whitaker (1919)
"CHAPTER VII THE BANK CREDIT AND LETTER OF CREDIT § 37. The nature of the commercial
credit.—The purpose of a commercial letter of credit is to enable an ..."
2. Brooks' Foreign Exchange Text Book: An Elementary Treatise on Foreign by Howard Keyes Brooks (1906)
"A commercial letter of credit, or, as sometimes called, a mercantile letter of
... It is not necessary for the purchaser of a commercial letter of credit to ..."
3. Foreign Commercial Credits: A Study in the Financing of Foreign Trade by George William Edwards (1922)
"THE X BANK Gentlemen: New York, Commercial Letter of Credit No We hereby authorize
... to Insurance Drafts under this Commercial Letter of Credit must be ..."
Other Resources:
