TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

STRAIGHT LETTER CREDIT [1 record]

Record 1 1998-10-15

English

Subject field(s)
  • Negotiable Instruments (Commercial Law)
DEF

Letter of credit requiring presentation on or before the expiration date at the office of the paying bank. Drafts are honored in favor of the beneficiary only.

French

Domaine(s)
  • Effets de commerce (Droit)

Spanish

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