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Letters of credit

Scope note

Use both for letters addressed by a bank to a correspondent certifying that a person named therein is entitled to draw upon his credit up to a certain sum and for letters addressed by a banker to a person to whom credit is given, authorizing that person to draw on the issuing bank. GAHLM

Term type

AAT

Getty AAT term number

300027550

Broader Terms used

<orders to pay>

Equivalent Terms used

letter of credit

Created

13yrs ago

Citation for print

This page can be cited in the Harvard Bibliographic style using the text below:

The Fitzwilliam Museum (2024) "Terminology definition for: letters of credit" Web page available at: https://collection.beta.fitz.ms/id/terminology/term-100996 Accessed: 2024-11-23 03:42:13

Citation for Wikipedia

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{{cite web|url=https://collection.beta.fitz.ms/id/terminology/term-100996|title=Terminology definition for: letters of credit|author=The Fitzwilliam Museum|accessdate=2024-11-23 03:42:13|publisher=The University of Cambridge}}

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