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Letter of credit   /lˈɛtər əv krˈɛdət/   Listen
Letter of credit

noun
1.
A document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit.



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"Letter of credit" Quotes from Famous Books



... does not appear to be at all an intimate friend. Yet he seems to have met the stranger upon his arrival. Is this accounted for? What office does the scene show that he bears toward him? How recent an institution is the Bank and Letter of Credit for travellers? Was the lack of such facilities long filled in the way ...
— Shakespeare Study Programs; The Comedies • Charlotte Porter and Helen A. Clarke

... DEAREST CARRETA,—My last letter was from Ancona; the present is, as you see, from Rome. From Ancona I likewise wrote to Woodfall requesting he would send a letter of credit for twelve or fifteen pounds, directing to the care of the British Consul at Marseilles. I hope you received your letter and that he received his, as by the time I get to Marseilles I shall be in want of money by reason of the roundabout ...
— George Borrow and His Circle - Wherein May Be Found Many Hitherto Unpublished Letters Of - Borrow And His Friends • Clement King Shorter

... said, loyally, silent as to the restrictions put upon his provisions for her maintenance, as well as the fact that his salary only covered the letter of credit he took with him for such expenses as he might incur outside the expedition. "In spite of his kindness, can't you understand that I am proud to be a worker? Have you lived so long in the companionship of New England women without appreciating their reserves of energy? I have to make ...
— Ainslee's, Vol. 15, No. 5, June 1905 • Various

... Suliotes for a year, (and will accompany them either as a Chief, or whichever is most agreeable to the Government,) besides sundries. I do not understand Brown's 'letters of credit.' I neither gave nor ordered a letter of credit that I know of; and though of course, if you have done it, I will be responsible, I was not aware of any thing, except that I would have backed his bills, which you said was unnecessary. As to orders—I ...
— Life of Lord Byron, Vol. 6 (of 6) - With his Letters and Journals • Thomas Moore

... anything I could take to her niece. "You can take her the box of china statuettes," said she, "if M. Corneman has not sent them already." I called on the banker who gave me the box, and in return for a hundred Louis a letter of credit on a Dunkirk house. I begged him to name me in the letter in a special manner, as I was going for the sake of pleasure. He seemed glad to oblige me, and I started the same evening, and three days later I was at the "Hotel de la Conciergerie," ...
— The Memoires of Casanova, Complete • Jacques Casanova de Seingalt

... greatly, for his promise of assistance, Bob went off into the town; where he bought a suit of Spanish clothes, such as would be appropriate for a small farmer or trader. He then presented his letter of credit at the merchant's, and drew a hundred pounds, which he obtained in Spanish gold. This money and the clothes he put in an oilskin bag, of which the mouth was securely closed. This ...
— Held Fast For England - A Tale of the Siege of Gibraltar (1779-83) • G. A. Henty

... and kept such documents always on our persons, so that if we were killed and our bodies found by a friendly vessel our last wishes concerning our affairs might be made known. I wrote my final directions on the blank sheet of my Letter of Credit on the Hong-Kong and Shanghai Bank, which, after being cancelled, I now keep as a relic of a most anxious time when I was a very unwilling guest of ...
— Five Months on a German Raider - Being the Adventures of an Englishman Captured by the 'Wolf' • Frederic George Trayes

... were terribly swollen. He was in an intermediate state between sleeping and waking; at variance with himself, with his company, with the country, and with the government. In his right pocket he had his letter of credit, in the left, his passport, and in a small leathern purse some double louis d'or, carefully sewn up in the bosom of his waistcoat. Every dream proclaimed that one or the other of these valuables was lost; wherefore he started up as in a fever; and the first movement ...
— Andersen's Fairy Tales • Hans Christian Andersen



Words linked to "Letter of credit" :   traveler's letter of credit, document, traveller's letter of credit, credit, commercial letter of credit



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