English - Turkish
Definition of confirmed credit in English Turkish dictionary
- konfirme kredi
- confirmed letter of credit
- teyitli akreditif
- confirmed letter of credit
- (Ticaret) onaylı akreditif
- confirmed line of credit
- (Ticaret) onaylı kredi çerçevesi
Related Terms
English - English
Definition of confirmed credit in English English dictionary
- confirmed letter of credit
- Letter of credit to which the advising bank has added its own, independent undertaking to honor presentation of the required documents, i e , pay the beneficiary at sight or at maturity, as specified by the L/C See also "silent confirmation "
- confirmed letter of credit
- A letter of credit issued by a foreign bank, which was deemed valid by an American bank The confirmed letter of credit assures the exporter payment even if the foreign buyer or the foreign bank defaults
- confirmed letter of credit
- A letter of credit, issued by a foreign bank, with validity confirmed by a U S bank An exporter who requires a confirmed letter of credit from the buyer is assured of payment by the U S bank, even if the foreign buyer or the foreign bank defaults
- confirmed letter of credit
- Letter of credit in which a bank (usually) in the seller's country adds its own payment undertaking to that of the Issuing bank Protects against country risk and bank risk as well as customer credit risk
- confirmed letter of credit
- A letter of credit, issued by a foreign bank, with validity confirmed by a U S bank When confirmed, the U S bank undertakes responsibility for payment even if the foreign buyer or bank defaults
- confirmed letter of credit
- A letter of credit, issued by a foreign bank, the validity of which has been confirmed by a domestic bank An exporter whose payment terms are a confirmed letter of credit is assured of payment by the domestic bank, even if the foreign buyer defaults
- confirmed letter of credit
- A letter of credit, issued by a foreign bank, with validity confirmed by a domestic bank An exporter who requires a confirmed letter of credit from the buyer is assured of payment by the domestic bank even if the foreign buyer or the foreign bank defaults
- confirmed letter of credit
- a letter of credit, issued by a foreign bank, that a domestic bank says is valid An exporter with a confirmed letter of credit will be paid by the domestic bank, even if the foreign buyer or the foreign bank defaults See Letter of Credit
- confirmed letter of credit
- Issued by a bank abroad whose validity and terms are confirmed to the beneficiary in the United States by a U S bank
- confirmed letter of credit
- A letter of credit, issued by a foreign bank, the validity of which has been confirmed by a U S bank An exporter whose payment terms are a confirmed letter of credit is assured of payment by the U S bank even if the foreign buyer or the foreign bank defaults See Letter of credit (Also see Chapter 13 )
- confirmed letter of credit
- A letter of credit, issued by a foreign bank, the validity of which has been confirmed by another bank usually in the seller's country An exporter presenting conforming documents against a confirmed letter of credit is assured of payment by the confirming bank, even if the buyer or the opening bank defaults
Related Terms
confirmed credit
Hyphenation
con·firmed cred·itTurkish pronunciation
kınfırmd kredıtPronunciation
/kənˈfərmd ˈkredət/ /kənˈfɜrmd ˈkrɛdət/
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