letters of credit in English

noun
1
a letter issued by a bank to another bank (typically in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.
By way of illustration, take a case in which the customer requests the bank, or other institution, to issue a letter of credit or guarantee to back his purchase of goods.

Use "letters of credit" in a sentence

Below are sample sentences containing the word "letters of credit" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "letters of credit", or refer to the context using the word "letters of credit" in the English Dictionary.

1. (b) letters of credit;

2. Letters of credit are not accepted.

3. Issuing of checks and letters of credit

4. Contingent liabilities from guarantees and letters of credit

5. Issuing of travellers' cheques and letters of credit

6. letters of credit, bills of lading, bills of sale;

7. letters of credit, bills of lading, bills of sale

8. letters of credit, bills of lading, bills of sale; and

9. (f) letters of credit, bills of lading, bills of sale;

10. (vi) letters of credit, bills of lading, bills of sale;

11. (f) letters of credit, bills of lading, bills of sale; and

12. (vi) letters of credit, bills of lading, bills of sale; and

13. • Bank-to-bank wire transfer Letters of credit are not accepted.

14. It also involves advice on Letters of Credit, Collections, Pledges and Receivables.

15. – Irrevocable standby letters of credit not having the character of credit substitutes,

16. (f) irrevocable standby letters of credit having the character of credit substitutes;

17. Yes, the Department will accept multiple letters of credit from Associated Entities.

18. Risk participation in bankers’ acceptances and risk participation in financial letters of credit.

19. Please note that letters of credit are not accepted as security for bonded carriers.

20. Canadian exporters should accept only confirmed letters of credit as a form of payment.

21. Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC

22. CONTINGENCIES Letters of credit aggregating $200,000 (2004 - $200,000) in respect of contractual obligations are currently outstanding.

23. CONTINGENCIES Letters of credit aggregating $200,000 (2001 – $150,000) in respect of contractual obligations are currently outstanding.

24. The general trend toward open account from letters of credit has further contributed to the problem.

25. Letters of credit under the revolving credit facility amounted to $318 million at March 31, 2003.

26. CONTINGENCIES Letters of credit aggregating $200,000 (2002 — $200,000) in respect of contractual obligations are currently outstanding.

27. However, the assignment of receivables from derivatives, letters of credit or deposit accounts is excluded (see article

28. • Importers prefer direct lines of credit but will accept flexible letters of credit payable through U.S. banks.

29. They employed new forms of economic exchange, including bills of exchange (i.e. promissory notes) and letters of credit.

30. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.

31. A total of 205 of the letters of credit with an aggregate value of $534 million expired in 2006.

32. The amendment incorporated the acceptability of letters of credit as valid bid and contract security instruments for this tender.

33. The DFO accepts cash deposits, commercial security bonds, corporate guarantees, and irrevocable bank letters of credit as forms of security.

34. They are looking at extending letters of credit in local currencies, they are looking at developing other arrangements which would facilitate this.

35. The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit.

36. Issuing of travellers' cheques and letters of credit, real estate agencies (sale and rental of business premises and accommodation buildings), real estate valuation

37. direct credit substitutes including general guarantees of indebtedness, bank acceptance guarantees and standby letters of credit serving as financial guarantees for loans and securities

38. All other income is accounted for on a cash basis, with the exception of income accrued on Government letters of credit which are irrevocable

39. As already mentioned, the acceptance by business of electronic letters of credit, especially at the presentation stage, was limited to exchanges in specific environments.

40. (i) direct credit substitutes including general guarantees of indebtedness, bank acceptance guarantees and standby letters of credit serving as financial guarantees for loans and securities;

41. Paper money, in the form of letters of credit and treasury notes, was known in China in the ninth century B.C.E. and also in Roman times.

42. `- annul the Commission's decision of 1 April 1993 refusing to approve the agreements concluded on 23 February 1993 and the amendments to the letters of credit relating thereto;

43. In this regard, it should first be noted that the CRCP recognises bank acceptances as liabilities towards banks at the same level as loans, letters of credit or trade financing.

44. As of 30 November 2007, there were 215 outstanding letters of credit (see summary table below and annex I to the present note) with an aggregate amount of $602 million.

45. • (f) the aggregate face amount of all of the letters of credit obtained in accordance with Part 3 is less than the amount set out in subsection 18(2) unless

46. As at 29 February 2008, there were 167 outstanding letters of credit (see table 1 and annexes I, II and III for details) representing an aggregate amount of $605 million.

47. We provide advice in terms of documentation on anything related to each export requirement, however specialised it may be (letters of credit, quality control inspections and certificates, insurance policies, etc. ).

48. Export Credit Risks, Restrictions on Letters of Credit, Currency Controls Four main methods of financing exist in Mexico: advance payment, letter/line of credit, bill of exchange, and open account trading.

49. Middle Ages: Modern banking begins, developed by Italian merchants who used traveling clerics as agents to transmit letters of credit from one country to another; in England goldsmiths began lending at interest the sums deposited with them for safekeeping.

50. Blockchain can be used to remake a wide range of finance processes: intercompany transactions (when there are multiple ERPs), procure-to-pay, order-to-cash, rebates, warranties, and financing (such as trade finance, letters of credit, and invoice factoring).