Che cos'e Lettera di Credito?
Lettera di Credito A formal document issued by a bank guaranteeing payment to a beneficiary on behalf of the applicant, provided that specific terms and conditions are met, widely used in international trade.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Lettera di Credito” Used in Practice?
Gli esportatori richiedono lettera di credito per garantire il pagamento all'estero.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Che cos'e Lettera di Credito?
A formal document issued by a bank guaranteeing payment to a beneficiary on behalf of the applicant, provided that specific terms and conditions are met, widely used in international trade.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Lettera di Credito and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
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