from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Plural form of letter of credit.
Sorry, no etymologies found.
This despatch he sent upon his own responsibility, with letters of credit upon the East India Company, addressed to the British consuls, vice-consuls, and merchants on his route; Nelson saying, "that if he had done wrong, he hoped the bills would be paid, and he would repay the Company; for, as an Englishman, he should be proud that it had been in his power to put our settlements on their guard."
But the trade deficit persisted at a high level B90 billion, prompting authorities to impose several measures by early 1984, including control on the opening of letters of credit for nonoil imports and an 18% limit on commercial banks’ credit expansion.
Tip Tok-toh had arranged the letters of credit and financing through various Swiss and foreign banks within twenty-four hours.
The new credit would be phased in quarterly over a year to open dollar letters of credit LCs for essential imports.
This drawing-room sketch involves the "fairly beautiful" sisters, Ernestine and Luella (called "Lute"), who have grown up apart in different parts of a Western state, each wooed by one Loren Ellery, a young man of "moral probity, business integrity, healthy bank books, unqualified letters of credit and introduction, and good looks."