Letter Of Credit in United States
Letter Of Credit Definition
A letter whereby one person requests another to advance money or give credit to a third, and agrees to reimburse or indemnify the person making the advance, or giving the credit. At first it was practically confined to merchants, and was designed to enable a merchant to obtain goods or money to buy the same. In modern times it is much used as a convenience by travelers in foreign parts to avoid carrying large sums of money; a sum being deposited with a bank, which issues a letter of credit to its correspondents in foreign parts. Letters of credit are special if addressed to some particular person; general if addressed to any one giving credit to the bearer.
Letter Of Credit in Foreign Legal Encyclopedias
| Link | Description |
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| Letter Of Credit | Letter Of Credit in the World Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the European Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the Asian Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the UK Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Letter Of Credit
Scan Letter Of Credit in the appropriate area of law:
| Link | Description |
|---|---|
| Letter Of Credit | Letter Of Credit in the Family Law Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the IP Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Commercial Law Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Criminal Law Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Antritrust Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Tax Law Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
| Resource | Description |
|---|---|
| Letter Of Credit in the Dictionaries | Letter Of Credit in our legal dictionaries |
| http://lawi.us/letter-of-credit | The URI of Letter Of Credit (more about URIs) |
| Letter Of Credit related entries | Find related entries of Letter Of Credit |
Legal Issue for Attorneys
A letter whereby one person requests another to advance money or give credit to a third, and agrees to reimburse or indemnify the person making the advance, or giving the credit. At first it was practically confined to merchants, and was designed to enable a merchant to obtain goods or money to buy the same. In modern times it is much used as a convenience by travelers in foreign parts to avoid carrying large sums of money; a sum being deposited with a bank, which issues a letter of credit to its correspondents in foreign parts. Letters of credit are special if addressed to some particular person; general if addressed to any one giving credit to the bearer.
Notice
This definition of Letter Of Credit is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
Letter of Credit in the International Business Landscape
Definition of Letter of Credit in the context of U.S. international business and public trade policy: Document issued by a bank promising to pay the seller if all conditions specified in the letter of credit are met.
Letter of Credit in the International Business Landscape
Definition of Letter of Credit in the context of U.S. international business and public trade policy: Issued by a bank, indicating that the bank will make payments under specific circumstances.