0 a letter from a bank allowing the person who has it to take a particular amount of money from a bank in another country -- 信用证
The bank's loan products include construction loans, equipment acquisition loans, and letters of credit, as well as home and vehicle loans.
His wealth and his letters of credit were held in abeyance at the bank.
Cover is available for short term business (up to 180 days credit) subject to the security of confirmed irrevocable letters of credit.
The effect on holders of irrevocable letters of credit has varied according to circumstances.
I have seen letters of credit being established and pro forma orders made to cover a certain position, perhaps even for the sale of the import licence itself.
For instance, take letters of credit.
The weak state of some companies' finances will be made more precarious as letters of credit expire.
The next year, the city was unable to meet payroll and issued letters of credit in lieu of salaries.
