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The exporter secured the deal by insisting that the importer obtain a letter of credit before shipping the merchandise.
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The exporter secured the deal by insisting that the importer obtain a letter of credit before shipping the merchandise.
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Related words
letter of credit
Noun
Japanese Meaning
信用状:金融機関が発行する文書で、貿易金融において、受益者に対して指定された書類の提示を条件に一定の上限額まで債務を支払うことを約束するもの。
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