time letter of creditglossary / time letter of credit A letter of credit that is duly honored by the issuer accepting drafts drawn under it. — Also termed acceptance credit; usance credit. 词条贡献者 资深译员姚坚,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与私募资本有关的法律文件。