| 单词 | standby letter of credit |
| 释义 | standby letter of credit noun[C] ukuspluralstandby letters of creditFINANCE,BANKING anofficialdocumentfrom abankpromisingtopayback aloan, etc. if acustomerfailsto do so: Standbylettersofcreditare acommonlyusedfinancialdevicewhendealingwithlargeinternationalcontracts. Examplesofstandby letter of creditstandby letter of credit The termsstandbyletterofcreditand blocked funds letter are also used. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.Bank guarantees and standby letters of credit are also available. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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