COMMERCIAL LETTER OF CREDIT
(noun)Definitions
There is 1 meaning of the phrase
Commercial Letter Of Credit.
Commercial Letter Of Credit - as a noun
A letter of credit given to a business concern for commercial purposes
Example Sentences
"The exporter used a commercial letter of credit to ensure payment for the goods."
"The buyer requested a commercial letter of credit to guarantee the delivery of the ordered products."
"The bank issued a commercial letter of credit to facilitate the international trade transaction."
"The importer presented the commercial letter of credit to the exporter as proof of their commitment to payment."
"The seller relied on the commercial letter of credit as a secure payment method."
