信用证 (xìn yòng zhèng) — letter of credit (L/C), a financial instrument used in international trade to guarantee payment
Definition
A letter of credit (L/C): a bank-issued guarantee of payment in international trade, so the seller ships first and is still sure of getting paid. Used in cross-border import/export contracts.
noun
letter of credit (L/C)a financial instrument used in international trade to guarantee payment
Measure word · 份
Examples
- 信用证。Chū kǒu shāng yāo qiú mǎi fāng kāi jù yì zhāng xìn yòng zhèng.The exporter asked the buyer to open a letter of credit.
- 信用证。Zhè fèn xìn yòng zhèng de yǒu xiào qī zhǐ yǒu sān gè yuè.This letter of credit is valid for only three months.
- 信用证。Jìn kǒu shāng bì xū àn xìn yòng zhèng tiáo kuǎn zhǔn bèi dān jù.The importer must prepare the documents according to the terms of the letter of credit.
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