English - Turkish
Definition of credit letter in English Turkish dictionary
- (Ticaret) kredi mektubu
- irrevocable letter of credit
- (Askeri) feshedilmeyen akreditif
- cash letter of credit
- kredi mektubu
- circular letter of credit
- kredi mektubu
- clean letter of credit
- temiz akreditif
- commercial letter of credit
- akreditif
- letter of credit
- kredi mektubu
- letter of credit
- akreditif
- simple letter of credit
- basit akreditif
- traveler's letter of credit
- seyahat çeki
- travelers letter of credit
- seyahat çeki
- clean letter of credit
- belgesiz akreditif
- fixed letter of credit
- adı akreditif
- irrevocable letter of credit
- İthalatçının kararlaştırılan şartları tamamen yerine getirmesi üzerine, akreditif vadesinde çekilecek poliçelerin akreditifi açan banka tarafından kabul edileceği veya ödeneceği konusunda kesin bir taahhüt içeren akreditif. Tarafların isteği ve onayı olmadan iptal edilemez ve hükümleri değiştirilemez.Geri dönüşümsüz akreditif.Gayri kabili rücu (dönülemez) akreditif. İhracatçının akreditif de yer alan şartlan tamamen yerine getirmesi halinde, akreditifi açan banka tarafından, Görüldüğünde ödenmesi kaydını taşıyorsa, ödemenin yapılacağı; Vadeli ödeme kaydını taşıyorsa, akreditifte belirtilen vadede ödemenin yapılacağı; Akreditife göre poliçe kabul edilecekse, akreditifin vadesi dahilinde üzerine çekilecek poliçelerin kabul edileceği şeklinde, ödeneceği konusunda taahhütleri kapsayan kreditiflere "gayri kabili rücu" akreditif denmektedir. Bu tür akreditif ancak tarafların kabulü olduğu takdirde değiştirilebilir veya iptal edilebilir. İhracatçıya ödeme konusunda sağladığı güvence dolayısıyla bu tıp akreditif uluslararası ödeme şekilleri arasında en çok kullanılanıdır
- letter of credit
- banka teminat mektubu
- letter of credit opening
- kuşat mektubu
- ancillary letter of credit
- (Ticaret) bağlı akreditif
- circular letter of credit
- kredi mektubu (genel)
- confirmed letter of credit
- teyitli akreditif
- confirmed letter of credit
- (Ticaret) onaylı akreditif
- divisible letter of credit
- (Ticaret) bölünebilir akreditif
- letter of credit
- tic. akreditif
- letter of credit opening
- (Ticaret) küşat mektubu
- revolving letter of credit
- (Ticaret) yenilenebilen akreditif
- sight letter of credit
- (Ticaret) ibrazında ödemeli akreditif
- unconfirmed letter of credit
- teyitsiz akreditif
- unconfirmed letter of credit
- (Ticaret) gayri müeyyet akreditif
- unconfirmed letter of credit
- (Ticaret) sağlam olmayan akreditif
Related Terms
English - English
Definition of credit letter in English English dictionary
- letter of credit
- A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary against delivery of documents specified in the letter
- irrevocable letter of credit
- A letter of credit, valid for a stated period of time, that may be cancelled or amended only by agreement of all parties to the credit. The issuing bank waives its right to revoke a letter of credit prior to the expiration date, unless the consent of the beneficiary is obtained
The irrevocable letter of credit may not be revoked or amended without the agreement of the issuing bank, the confirming bank, and the beneficiary. An irrevocable letter of credit from the issuing bank insures the beneficiary that if the required document.
- commercial letter of credit
- a letter of credit given to a business concern for commercial purposes
- 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
- 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
- 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 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
- 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, 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
- 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 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
- 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 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
- 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
- irrevocable letter of credit
- A letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee The opposite of a revocable letter of credit, which can be canceled or altered by the drawee, or buyer, after it has been issued by the drawee's bank Under UCP 500 all credits are irrevocable unless explicitly stated to be revocable
- irrevocable letter of credit
- Assurance of funds issued by a bank that cannot be canceled or amended without the beneficiary's approval
- irrevocable letter of credit
- A letter of credit in which the specified payment is guaranteed to the exporter by the bank if all terms and conditions are met by the drawee
- irrevocable letter of credit
- A letter of credit in which the specified payment is guaranteed by the issuing bank if all terms and conditions are met by the drawee It is as good as the issuing bank
- irrevocable letter of credit
- A letter of credit which cannot be amended or canceled without prior mutual consent of all parties to the letter of credit
- irrevocable letter of credit
- A letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawer
- irrevocable letter of credit
- This specified payment is guaranteed by the bank if all terms and conditions are met by the drawee in this document
- irrevocable letter of credit
- A letter of credit which cannot be amended or canceled without prior mutual consent of all parties to the credit
- irrevocable letter of credit
- A letter of credit in which the bank guarantees the specified payment if all terms and conditions are met
- irrevocable letter of credit
- Letter of credit that cannot be amended or canceled without agreement of both the beneficiary and the issuing bank Any letter of credit subject to the UCP500 or to US law is irrevocable unless it specifies otherwise
- irrevocable letter of credit
- A letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee Compare Revocable letter of credit (Also see Chapter 13 )
- irrevocable letter of credit
- A letter of credit in which the specified payment is guaranteed by the bank if all conditions and terms are met by the drawee It is as good as the issuing bank
- letter of credit
- A document issued by a bank at the request of the buyer of goods The LC guarantees payment to the seller given receipt by the bank of certain shipping documents validating the delivery of goods, within a specified time period
- letter of credit
- An agreement between a bank and a borrower which allows the borrower to use money on the bank's credit
- letter of credit
- Letter issued by a bank or other lending institution promising payment to a third party in accordance with the terms of the agreement Letters of credit may be used in situations where a deposit is required or a security, eg Where a builder is about to sign a contract and has to put up security that the job will be finished; or a security deposit under a long term lease
- letter of credit
- A document issued by a bank stating its commitment to pay someone a stated amount of money on behalf of a buyer so long as the seller meets very specific terms and conditions Letters of credit are more formally called documentary letters of credit
- letter of credit
- A commitment by a bank or other person, made at the request of a customer, that the issuer will honor drafts or other demands for payment upon full compliance with the conditions specified in the letter of credit Letters of credit are often used in place of cash deposited with the landlord in satisfying the security deposit provisions of a lease
- letter of credit
- A letter issued by a bank authorizing the exporter to draw a stated amount of money from the issuing bank
- letter of credit
- A bank's promise that a shipment of goods will be paid for on arrival It's used mostly in foreign trade but is also used domestically to guarantee payment of securities BACK TO TOP
- letter of credit
- A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers is unable to pay them. The project is being backed by a letter of credit from Lasalle Bank. A letter issued by a bank authorizing the bearer to draw a stated amount of money from the issuing bank, its branches, or other associated banks or agencies. an official letter from a bank allowing a particular person to take money from another bank
- letter of credit
- A form of guarantee of payment issued by a bank used to guarantee the payment of interest and repayment of principal on bond issues
- letter of credit
- A document, issued by a commercial bank, that commits itself to honor drafts drawn as described in the terms of credit The instructions by a buyer of goods authorize the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time
- letter of credit
- a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit
- letter of credit
- note in which a bank promises to provide a financial loan
- letter of credit
- A document and its accompanying required procedures issued by the International Chamber of Commerce and used to facilitate international trade The purpose of the L/C is to eliminate certain risks involved in international trade incurred by both supplier and buyer The targeted risks include: one side swindling the other; those associated with the unfamiliarity of the parties with the other's courts or language; customs problems; and political uncertainty
- letter of credit
- May be revocable or irrevocable - A document, consisting of specific instructions by a buyer of goods, that is issued by a bank to the seller who is authorized to draw a specified sum of money under certain conditions, i e , the receipt by the bank of certain documents within a given time An irrevocable L/C provides guarantee by the issuing bank in the event that all terms and conditions are met by the buyer (or drawee) A revocable L/C can be canceled or altered by the drawee after it has been issued by drawee's bank A confirmed L/C is one issued by a foreign bank which is validated or guaranteed by a U S bank for a U S exporter in the case of default by the foreign buyer or bank
- letter of credit
- A document that substitutes the credit standing of the issuing bank for that of the buyer assuring the beneficiary (exporter) that the (exporter's) draft will be honored when presented if the terms of the credit are complied with
- letter of credit
- Undertaking, usually on the part of a bank and at the request of one of the bank's customers, to pay a named beneficiary a specified amount of money (or to deliver an item of value) if the beneficiary presents documents in accordance with the terms and conditions specified in the letter of credit
- letter of credit
- A document, issued by a bank, per instructions by a buyer of goods, authorising the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time
- letter of credit
- ~ A liquidity agreement issued by a third party guaranteeing to pay the principal and interest on a bond issue LOCs may be written either as direct pay or stand by A direct pay LOC will pay the interest directly to the bondholder and recover the monies from the issuer while a standby LOC will pay interest only if the issuer is able to meet its obligation in a timely manner LOCs usually are written for a limited length of time, typically for less that 5 years, and must be renewed during the life of a bond issue
- letter of credit
- A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time
- letter of credit
- A letter of credit is a letter written by a bank authorizing another bank of pay someone a sum of money. Letters of credit are often used by importers and exporters
- letter of credit
- An instrument issued by a bank or other person at the request of an account party that obliges the issuer to pay to a beneficiary a sum of money within a certain period of time upon the beneficiary's presentation of documents specified by the account party
- letter of credit
- Abbreviation: L/C A written undertaking by a bank (issuing bank) given to the seller (beneficiary) at the request, and on the instructions of the buyer (applicant) to pay at sight or at a determinable future date up to a stated sum of money, within a prescribed time limit and against stipulated documents
- letter of credit
- A document issued by a bank per instructions from a buyer of goods, authorizing the seller to draw a specified amount of money under specified terms, usually the receipt by the bank of certain documents with a given time
- letter of credit
- Letter from a bank stating that it has established credit in the company's favor
- letter of credit
- A financial guaranty issued by a bank that permits the party to which it is issued to draw funds from the bank in the event of a valid unpaid claim against the other party; in reinsurance, typically used to permit reserve credit to be taken with respect to non-admitted reinsurance; and alternative to funds withheld and modified coinsurance
- letter of credit
- is a document issued by a Bank on behalf of a customer which guarantees payment by the bank of cheques drawn by the customer, or more commonly of bills drawn on that customer by parties from whom ha has bought goods An added security in financing foreign trade
- letter of credit
- An instrument issued by a bank, in which the bank promises to pay a beneficiary upon presentation of documents specified in the letter of credit
- letter of credit
- A document issued by a bank or other financial institution attesting to an individual's or company's ability to borrow money within specific limits
- letter of credit
- A letter generated by a bank to a seller that authorizes a draft payment for a specific amount based on meeting a predefined set of terms (an exact description of the goods, services and quantities)
- revocable letter of credit
- A letter of credit that can be cancelled or altered by the drawee (buyer) after it has been issued by the drawee's bank Compare Irrevocable letter of credit
- revocable letter of credit
- A letter of credit that can be canceled or altered by the drawee (buyer) after it has been issued by the drawee's bank
- revocable letter of credit
- Letter of credit which may be amended or cancelled unilaterally Offers no security to seller and so very rare
- revocable letter of credit
- A letter of credit which can be cancelled or altered by the drawee (buyer) after it has been issued by the drawee's bank
- revocable letter of credit
- A letter of credit which can be cancelled or altered by the drawee (buyer) after it has been issued by the drawee's bank » Back to top of screen
- revocable letter of credit
- Letter of credit that can be amended or canceled at any time without notice to or consent of the beneficiary A letter of credit that is subject to the UCP500 or to US law is revocable only if it clearly specifies so
- revocable letter of credit
- A letter of credit that can be canceled or altered by the drawee (buyer) after it has been issued by the drawee's bank Compare Irrevocable letter of credit (Also see Chapter 13 )
- revocable letter of credit
- a letter of credit that can be canceled or altered by the buyer after it has been issued by the bank
- revocable letter of credit
- changeable or cancelable promissory note stating that a bank will grant a loan
- revocable letter of credit
- One that can be canceled or altered by the drawee (buyer) after it has been issued by the drawee's bank
- revocable letter of credit
- A letter of credit that can be cancelled or altered by the drawee (Buyer) after it has been issued by his bank
- traveler's letter of credit
- a letter of credit given to a traveler
- unconfirmed letter of credit
- Letter of credit bearing the payment undertaking of a single bank, the Issuing bank
- unconfirmed letter of credit
- Letter of credit that has not been confirmed (see "confirmed letter of credit")
- unconfirmed letter of credit
- A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it The advising bank merely informs the beneficiary of the letter of credit terms and conditions
Related Terms
credit letter
Hyphenation
cred·it let·terTurkish pronunciation
kredıt letırPronunciation
/ˈkredət ˈletər/ /ˈkrɛdət ˈlɛtɜr/
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