documentary credit

/ˌdɒkjυment(ə)ri 'kredɪt/ noun
a credit document used in export trade, when a bank issues a letter of credit against shipping documents

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • documentary credit — ➔ credit1 * * * documentary credit UK US noun [C or U] (ABBREVIATION DC, also documentary letter of credit) COMMERCE ► in international trade, an arrangement in which a bank in a country importing goods agrees to pay for goods bei …   Financial and business terms

  • documentary credit — International Also known as a letter of credit (letters of credit). The most frequent form of payment in international trade. A letter of credit is a contract under which a bank agrees to pay the seller, in connection with the export of specific… …   Law dictionary

  • documentary credit — Credit which is extended on documents of title or other legal documents …   Black's law dictionary

  • documentary credit — See: letter of credit …   Accounting dictionary

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

  • documentary credit — /ˌdɒkjumɛntri ˈkrɛdət/ (say .dokyoohmentree kreduht) noun a credit established by a banker at the request of an importer, under which the banker s name is used as drawee of bills of exchange covering the cost of goods sold to the importer, such… …   Australian English dictionary

  • Documentary Credit — ⇡ Akkreditiv …   Lexikon der Economics

  • documentary credit — bank loan received by opening an account for the purpose of importing goods …   English contemporary dictionary

  • documentary credit — Fin an arrangement, used in the finance of international transactions, whereby a bank undertakes to make a payment to a third party on behalf of a customer …   The ultimate business dictionary

  • documentary letter of credit — UK US noun [C or U] COMMERCE ► DOCUMENTARY CREDIT(Cf. ↑documentary credit) …   Financial and business terms

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