letter of credit
/ˌletər əv ˈkredɪt/noun
उच्चारण लेटर अव क्रेडिट
साख-पत्र, लेटर ऑफ़ क्रेडिट
Advanced word
noun
- 1
[C] finance
a letter from a bank promising that it will pay a seller a particular amount on behalf of a buyer once certain conditions, such as delivery of goods, are met
साख-पत्र, लेटर ऑफ़ क्रेडिट
- The importer opened a letter of credit in favour of the Chinese supplier.
- Payment was made under a letter of credit.
§Grammar and usage
Plural: letters of credit (not 'letter of credits').
इसका plural letters of credit है ('letter of credits' नहीं)।