- documentary credit
- /ˌdɒkjυment(ə)ri 'kredɪt/ nouna credit document used in export trade, when a bank issues a letter of credit against shipping documents
Dictionary of banking and finance. 2015.
documentary credit
Look at other dictionaries:
documentary credit — ➔ credit1 * * * documentary credit UK US noun [C or U] (ABBREVIATION DC, also documentary letter of credit) COMMERCE ► in international trade, an arrangement in which a bank in a country importing goods agrees to pay for goods bei … Financial and business terms
documentary credit — International Also known as a letter of credit (letters of credit). The most frequent form of payment in international trade. A letter of credit is a contract under which a bank agrees to pay the seller, in connection with the export of specific… … Law dictionary
documentary credit — Credit which is extended on documents of title or other legal documents … Black's law dictionary
documentary credit — Credit which is extended on documents of title or other legal documents … Black's law dictionary
documentary credit — See: letter of credit … Accounting dictionary
documentary credit — See letter of credit … Big dictionary of business and management
documentary credit — /ˌdɒkjumɛntri ˈkrɛdət/ (say .dokyoohmentree kreduht) noun a credit established by a banker at the request of an importer, under which the banker s name is used as drawee of bills of exchange covering the cost of goods sold to the importer, such… …
Documentary Credit — ⇡ Akkreditiv … Lexikon der Economics
documentary credit — bank loan received by opening an account for the purpose of importing goods … English contemporary dictionary
documentary letter of credit — UK US noun [C or U] COMMERCE ► DOCUMENTARY CREDIT(Cf. ↑documentary credit) … Financial and business terms
