advice of credit definition

advice of credit

Communication from a bank informing a party that the same bank or its correspondent bank (the issuing bank) has opened a letter of credit in that party's favor.

advice of credit is in the Banking, Commerce & Finance and International Trade & Relations subjects.

advice of credit appears in the definition of the following term: preadvice

This content can be found on the following page:

http://www.businessdictionary.com/definition/advice-of-credit.html