import letter of credit
Definition
Designation given by the importer (and his or her bank) to the commercial letter of credit (L/C) established in favor of an exporter. The same L/C is called 'export letter of credit' by the exporter (and all other banks).
Popular 'Banking, Commerce & Finance' Terms
import letter of credit in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/import-letter-of-credit.html
