Placing an order-(下定单)
1. (银行授权另一家银行付款的)信用证,信用状
A letter of credit is a letter written by a bank authorizing another bank to pay someone a sum of money. Letters of credit are often used by importers and exporters.
2. (银行为债券担保的)信用证,信用状
A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers are unable to pay them.
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