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letter of credit
(redirected from Documentary credit)

    Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia 0.03 sec.
letter of credit: see credit, letter of credit, letter of, commercial instrument through which a bank or other financial institution instructs a correspondent institution to advance a specified sum of money to the bearer.
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As part of its strategy to support and protect the interests of the business community and to promote Dubai as an international business hub, Dubai Chamber has organised this seminar for the benefit of businesses that are exposed to global trading partners and need to make use of the documentary credit tools that provide maximum payment security in foreign trade transactions," he said.
Payment security Seminar dwells on payment security risks by Gulf News (United Arab Emirates)
During debates following the presentation of report on Algeria finances presented by the Governor of the Central Bank, members have put particular emphasis on issues related to the unofficial trading of foreign currencies, the investment and documentary credit.
Unofficial currency trading and investments, source of MPs concern by UMCI News (Potomac Falls, VA)
In the UAE, and as seen recently across most parts of the world, secure trade finance products such as Documentary Credits have played a vital role in mitigating risks involved in international trade business.
UAE Traders Upbeat on Q4 Outlook: HSBC by Khaleej Times (Dubai, United Arab Emirates)
 
 
 
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