See Also: Commercial Letter of Credit(money)
Commercial Credit(money)
Commercial letters of credit(money)
Commercial letters of credit(finance)
COMMERCIAL METALS Credit Union(finance)
Letter of Credit(money)
Letter of credit (LOC)(money)
Letter of Credit (LOC)(finance)
letter of credit(dictionary)
Standby Letter of Credit(finance)

Commercial Letter of Credit (money)


Definition: Letter from a bank to a seller on behalf of a buyer that specifies the amount of credit available to the buyer. A commercial letter of credit can also specify other terms of the particular business tDefinition: ransaction.