commercial letter of credit

A letter of credit used as a method of payment in a sale of goods (esp. in an international transaction), with the buyer being the issuer’s customer and the seller being the beneficiary, so that the seller can obtain payment directly from the issuer instead of from the buyer.

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词条贡献者

资深译员大智，毕业于美国一流的高级翻译学院，专注翻译各种与复杂诉讼有关的法律文件。