- supplier's letter of credit
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English-russian accounting dictionary. 2014.
supplier's letter of credit
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Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller … Wikipedia
Letter Of Credit — A letter from a bank guaranteeing that a buyer s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or… … Investment dictionary
letter of credit — /ˌletər əv kredɪt/ noun a document issued by a bank on behalf of a customer authorising payment to a supplier when the conditions specified in the document are met (this is a common method of guaranteeing payment by overseas customers). Abbr L/C … Marketing dictionary in english
letter of credit — /ˌletər əv kredɪt/ noun a document issued by a bank on behalf of a customer authorising payment to a supplier when the conditions specified in the document are met. Abbreviation L/C … Dictionary of banking and finance
standby letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. A standby letter of credit is a bank promise to pay the third party in the event of some defined failure by the bank s customer, usually, but not always, a failure to… … Financial and business terms
credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… … Financial and business terms
Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… … Financial and business terms
back-to-back credit — Also known as counter credits. A credit operation involving the use of two separate letters of credit. A letter of credit is issued at the seller s request to his own supplier (sometimes called the secondary credit), against a letter of credit… … Law dictionary
Remittance Letter — A document sent by a customer, which is often a financial institution or other type of firm, to a creditor or supplier along with a payment to briefly explain what the payment is for so that the customer s account will be credited properly.… … Investment dictionary
Debt — For other uses, see Debt (disambiguation). Personal finance Credit and debt Pawnbroker Student loan Employment contract … Wikipedia
Pre-shipment inspection — Pre shipment inspection, also called preshipment inspection or PSI, is an important and reliable quality control method for checking goods quality while clients buy from the suppliers. After ordering a number of articles, the buyer lets a third… … Wikipedia
