Letter Of Credit Definition In Urdu. (noun) a document issued by a bank that guarantees the payment of a customer's draft; A credit note is also known as a credit memo, which is short for credit memorandum. this is a commercial document that the supplier produces for the customer to notify the customer that a credit is being applied to the customer for various reasons.
Definition of letter of credit in the definitions.net dictionary. However, in more specific contexts, the plural form can also be credits e.g. By david barton and nigel hall.
What does letter of credit mean?
Definition of letter of credit in the definitions.net dictionary. A letter of credit is a payment method that smoothes the way for international trade or other transactions. Letter of credit meaning in urdu letter of credit meaning in urdu is اعتبار نامہ. Assume a buyer has contracted $45,000 worth of goods with a seller.