circular letter of credit

/ˌsɜ:kjυlə ˌletər əv 'kredɪt/ noun
a letter of credit sent to all branches of the bank which issues it

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • circular letter of credit — Credit Cred it (kr[e^]d [i^]t), n. [F. cr[ e]dit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See {Creed}.] 1. Reliance on the truth of something said or done; belief; faith; trust;… …   The Collaborative International Dictionary of English

  • circular letter of credit — See letter of credit …   Big dictionary of business and management

  • circular letter of credit — see letter of credit …   Useful english dictionary

  • circular letter of credit — A letter authorizing one person to pay money or extend credit to another on the credit of the writer. Pines v. United States, C.C.A.Iowa, 123 F.2d 825, 828. See also letter of credit …   Black's law dictionary

  • circular letter of credit — /ˌsɜ:kjυlə ˌletər əv kredɪt/ noun a letter of credit sent to all branches of the bank which issues it …   Marketing dictionary in english

  • Letter of credit — Credit Cred it (kr[e^]d [i^]t), n. [F. cr[ e]dit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See {Creed}.] 1. Reliance on the truth of something said or done; belief; faith; trust;… …   The Collaborative International Dictionary of English

  • letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions (see letter of indication). Commercially, letters of credit are widely used in the …   Big dictionary of business and management

  • letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions. Commercially, letters of credit are widely used in the international import and… …   Accounting dictionary

  • letter of credit — Synonyms and related words: CD, IOU, MO, Pastoral Epistle, acceptance, acceptance bill, aerogram, air letter, airgraph, bank acceptance, bank check, bill, bill of draft, bill of exchange, billet doux, blank check, bull, certificate, certificate… …   Moby Thesaurus

  • or Circular letter — Circular Cir cu*lar, a. [L. circularis, fr. circulus circle: cf. F. circulaire. See {Circle}.] [1913 Webster] 1. In the form of, or bounded by, a circle; round. [1913 Webster] 2. repeating itself; ending in itself; reverting to the point of… …   The Collaborative International Dictionary of English

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