What is the definition of Acceptance letter of credit (l/c)? | Dictionary.net

ACCEPTANCE LETTER OF CREDIT (L/C)

\ɐksˈɛptəns lˈɛtəɹ ɒv kɹˈɛdɪt ˈɛl slˈaʃ sˈiː], \ɐksˈɛptəns lˈɛtəɹ ɒv kɹˈɛdɪt ˈɛl slˈaʃ sˈiː], \ɐ_k_s_ˈɛ_p_t_ə_n_s l_ˈɛ_t_ə_ɹ ɒ_v k_ɹ_ˈɛ_d_ɪ_t__ ˈɛ_l s_l_ˈa_ʃ s_ˈiː]\

Definitions of ACCEPTANCE LETTER OF CREDIT (L/C)

1910 - Black's Law Dictionary (2nd edition)

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This clause does not pay a beneficiary immediately but adds additional paperwork through the bank that takes more time.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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