clean letter of credit

A letter of credit that is payable on its presentation.

• No document needs to be presented along with it.

— Also termed suicide letter of credit. Cf. documentary letter of credit.

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词条贡献者

双语律师Terence，国际知名法学院法律专业，擅长翻译各类与油气、资源与采矿业相关的法律文件。