Letter Of Credit in Europe
Definition of Letter Of Credit
An authority by one person to another to draw cheques or bills of exchange (with or without a limit as to amount) upon him, with an undertaking to honour the drafts on presentation. An ordinary letter of credit contains the name of the person by whom the drafts are to be negotiated or cashed : when it does not do so, it is called an open letter of credit
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Letter Of Credit in other legal encyclopedias
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| Link | Description |
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| Letter Of Credit | Letter Of Credit in the International Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the American Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the Asian Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the UK Legal Encyclopedia. |
| Letter Of Credit | Letter Of Credit in the Australian Legal Encyclopedia. |
Explore the European Encyclopedia of Law
You can also find related entries in the following areas of law:
| Link | Description |
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| Letter Of Credit | Letter Of Credit in the Family Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the IP Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Commercial Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Criminal Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Family Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Civil Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Constitutional Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Taxation Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Banking and Finance Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Employment and Labour Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Injury and Tort Law Portal of the European Encyclopedia of Law. |
| Letter Of Credit | Letter Of Credit in the Environmental Law Portal of the European Encyclopedia of Law. |
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Notice
Definition of Letter Of Credit is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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