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 译员黎川,在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译,擅长翻译涉及工业与制造业领域的法律文件。