Speakur

Word Pronunciation & Dictionary

letter of credit

Word Rarity Uncommon

Frequency: Zipf frequency 4.67 in modern English

Syllables
let-ter of -cred-it
IPA
20
Scrabble Score
14
Letters
4
Syllables
9
Unique Chars

Meaning

noun

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.

Inflected Forms

letters of credit (plural)

Phrases

commercial letter of credit irrevocable letter of credit time letter of credit letter of indemnity letter of introduction letters patent promissory note

Frequently Paired Words

letter of indemnity letter of introduction letters patent promissory note vouch voucher vouchsafe

Synonyms

documentary credit LC L/C

Questions

What does letter of credit mean?
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.

How to pronounce letter of credit

  1. Open the pronunciation page — Open the Speakur entry for “letter of credit”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
  3. Play the audio — Click Play to hear reference audio for “letter of credit”.
  4. Repeat and practice — Say “letter of credit” aloud, matching stress and vowels until it feels natural.