letter of advice

letter of advice
/ˌletər əv əd'vaɪs/ noun
1. a letter to a customer giving details of goods ordered and shipped but not yet delivered
The letter of advice stated that the goods would be at Southampton on the morning of the 6th.
The letter of advice reminded the customer of the agreed payment terms.
2. a letter from one bank to another, advising that a transaction has taken place

Dictionary of banking and finance. 2015.

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  • letter of advice — UK US noun [C] (plural letters of advice) ► COMMERCE, LAW a formal letter to tell someone that you have done some something or that something has happened: »She wrote a standard letter of advice to notify her client of the proposed changes …   Financial and business terms

  • letter of advice — advice 5a * * * 1. a notification from a consignor to a consignee giving specific information as to a shipment, the name of the carrier, the date shipped, etc. 2. Com. a document from the drawer notifying the drawee that a bill of exchange has… …   Useful english dictionary

  • letter of advice — n. a letter notifying its recipient of something relating to a commercial transaction, as one notifying a buyer that goods have been shipped …   English World dictionary

  • letter of advice — /ˌletər əv əd vaɪs/ noun a letter to a customer giving details of goods ordered and shipped but not yet delivered ● The letter of advice stated that the goods would be at Southampton on the morning of the 6th. ● The letter of advice reminded the… …   Marketing dictionary in english

  • letter of advice — 1. a notification from a consignor to a consignee giving specific information as to a shipment, the name of the carrier, the date shipped, etc. 2. Com. a document from the drawer notifying the drawee that a bill of exchange has been drawn. [1675… …   Universalium

  • letter of advice — noun 1. a document, especially in commercial shipments, giving specific information as to the consignor s agent, bank, warehouse, etc. 2. Commerce a drawer s document, usually forwarded ahead of the bill of lading and other papers giving title to …  

  • letter of advice — Drawer s communication to the drawee that a described draft has been drawn. U.C.C. No. 3 701(1) …   Black's law dictionary

  • letter of advice — Drawer s communication to the drawee that a described draft has been drawn. U.C.C. No. 3 701(1) …   Black's law dictionary

  • letter of advice — A written notice of an act which has been done by the writer. A drawer s communication to the drawee that a described draft has been drawn. UCC § 3 701(1). An instrument employed to decrease the risk of forgery of an international sight draft,… …   Ballentine's law dictionary

  • advice — ad‧vice [ədˈvaɪs] noun 1. [uncountable] information given to someone, especially by an expert, so that they know what to do and can make the right decision: • She will remain on the board and provide financial advice to the company. • a law firm… …   Financial and business terms

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