bill of credit
Definition 1
Written request by a party (an account holder or merchant) to another (a bank or merchant) to give the bearer a specified sum (or amount of goods), either from the funds of the first party held by the second party or from the credit advanced by the second party. A check is a type of bill of credit.
Definition 2
IOU issued by a government, upon its credit and faith only, intended to circulate in the community as money redeemable at a future day.
Popular 'Banking, Commerce & Finance' Terms
bill of credit in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/bill-of-credit.html
