confirmed letter of credit
noun[C]
ukuspluralconfirmed letters of creditBANKING,COMMERCE
atypeofletterofcreditthat abankpromisestopayevenif thebankthat gave theoriginalletterofcreditdoes notpayit:
In thecaseof aconfirmedletterofcredit, a secondguaranteeofpaymentisaddedto the first.