letter of credit

1. N-COUNT A letter of credit is a letter written by a bank authorizing another bank to pay someone a sum of money. Letters of credit are often used by importers and exporters. (銀行授權(quán)另一家銀行付款的)信用狀[商業(yè)]

2. N-COUNT A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers are unable to pay them. (銀行為債券擔(dān)保的)信用狀[商業(yè)]

The project is being backed by a letter of credit from Lasalle Bank. 這個項目有拉薩爾銀行的信用狀支持。