TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

An irrevocable undertaking by a bank to pay on behalf of an obligor should the latter not fulfil his/her obligations.  3, record 1, English, - standby%20letter%20of%20credit

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Engagement irrévocable pris par un établissement de crédit en faveur d'un tiers bénéficiaire d'indemniser ce dernier si le client de la banque n'est pas en mesure d'honorer ses obligations à l'égard du bénéficiaire.  1, record 1, French, - lettre%20de%20garantie

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 DEF

Compromiso irrevocable que adquiere un banco por cuenta del deudor para garantizar el pago del crédito concedido, en caso de incumplimiento del acreditado.  2, record 1, Spanish, - carta%20de%20cr%C3%A9dito%20contingente

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

A letter or document issued by a bank authorizing a person named therein to draw money to a specified amount from its branches or correspondents in other places when certain conditions set out in the letter of credit have been met.  3, record 2, English, - letter%20of%20credit

Record number: 2, Textual support number: 1 PHR

Confirmed irrevocable letter of credit.  2, record 2, English, - letter%20of%20credit

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Lettre ou document délivré par une banque autorisant une personne qui y est désignée à retirer des fonds, jusqu'à concurrence d'un montant spécifié, dans une de ses succursales ou chez un correspondant en un lieu différent, après avoir satisfait aux conditions qui y sont stipulées.  2, record 2, French, - lettre%20de%20cr%C3%A9dit

Record number: 2, Textual support number: 1 PHR

Lettre de crédit irrévocable et confirmée, lettre de crédit révocable.  3, record 2, French, - lettre%20de%20cr%C3%A9dit

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 DEF

Documento en virtud del cual la institución, obrando a petición y de conformidad con las instrucciones del cliente (ordenante), se obliga a efectuar pagos a un tercero (beneficiario) o a su orden.  2, record 2, Spanish, - carta%20de%20cr%C3%A9dito

Record number: 2, Textual support number: 1 PHR

carta de crédito a la vista, carta de crédito auxiliar, carta de crédito circular, carta de crédito comercial, carta de crédito confirmada, carta de crédito irrevocable, carta de crédito revocable.  3, record 2, Spanish, - carta%20de%20cr%C3%A9dito

Record 3,  Textual support,  French

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

When a correspondent bank located in the country of the exporter confirms a letter of credit to the exporter by obligating itself to pay or accept his drafts, the instrument is called a confirmed letter of credit .... An unconfirmed letter of credit does not give the exporter this additional security. Exporters insist on confirmed letters of credit when the foreign issuing bank is not well known.  1, record 4, English, - unconfirmed%20letter%20of%20credit

Record 4,  Textual support,  French

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  French

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  French

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 DEF

A bank's written undertaking (issuing agent) given to the seller (the beneficiary) at the request of, and in accordance with, the buyer's instructions (the applicant) to pay up to a stated sum of money, within a prescribed time limit and against stipulated documents.  3, record 7, English, - documentary%20letter%20of%20credit

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 DEF

Technique utilisée pour faciliter le financement d'une vente internationale, dans laquelle la réalisation du crédit est subordonnée à la présentation par le vendeur, à la banque de l'acheteur, de divers documents constatant la bonne exécution de l'opération (facture, titre de transport, police d'assurance, connaissement, titre de douane, etc.)  1, record 7, French, - lettre%20de%20cr%C3%A9dit%20documentaire

Record number: 7, Textual support number: 1 OBS

L'engagement de la banque à consentir le crédit est formulé par un écrit appelé lettre commerciale de crédit, si le crédit est souscrit en faveur de tout porteur des documents, ou accréditif si le crédit est souscrit en faveur du seul bénéficiaire (le vendeur).  1, record 7, French, - lettre%20de%20cr%C3%A9dit%20documentaire

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 DEF

A commercial letter of credit issued for the purpose of financing the importation of goods.  2, record 8, English, - import%20credit

Record 8,  Textual support,  French

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record 9,  Textual support,  French

Record 9,  Textual support,  Spanish

Record number: 9, Textual support number: 1 OBS

En este caso los documentos pueden ser negociados a su presentación.  2, record 9, Spanish, - carta%20de%20cr%C3%A9dito%20a%20la%20vista

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 DEF

A letter of credit bought by a person planning on travelling abroad. It entitles the purchaser to obtain funds at any foreign bank listed by the issuer as willing to accept drafts against it.  2, record 10, English, - traveller%27s%20letter%20of%20credit

Record 10,  Textual support,  French

Record 10,  Textual support,  Spanish

Record number: 10, Textual support number: 1 DEF

Carta dirigida a todos los bancos corresponsales autorizándolos a negociar los giros presentados por el beneficiario, cuyo nombre figura en el documento previa la presentación de los papeles de identificación y hasta un total especificado.  1, record 10, Spanish, - carta%20de%20cr%C3%A9dito%20viajero

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 DEF

Form of irrevocable letter of credit whereby the correspondent bank of the issuing bank gives an undertaking to the beneficiary that payment will be made, provided that the beneficiary complies with the terms of the credit.  3, record 11, English, - confirmed%20letter%20of%20credit

Record 11,  Textual support,  French

Record number: 11, Textual support number: 1 DEF

Lettre de crédit dans laquelle le correspondant bancaire garantit qu'il paiera la lettre de change du vendeur si la banque émettrice ne le fait pas.  3, record 11, French, - lettre%20de%20cr%C3%A9dit%20confirm%C3%A9e

Record number: 11, Textual support number: 1 CONT

[...] la lettre de crédit confirmée (ou avisée) par l'envoi d'un avis donnant le montant, la durée de validité de l'accord donné et le spécimen de la signature du client.  2, record 11, French, - lettre%20de%20cr%C3%A9dit%20confirm%C3%A9e

Record number: 11, Textual support number: 1 OBS

lettre de crédit: [...] lettre adressée par un banquier à une de ses succursales ou à un correspondant, pour l'inviter à payer une somme d'argent ou à consentir un crédit au porteur bénéficiaire.  2, record 11, French, - lettre%20de%20cr%C3%A9dit%20confirm%C3%A9e

Record 11,  Textual support,  Spanish

Record number: 11, Textual support number: 1 DEF

Carta de crédito en la que el banco local correspondiente da su propia garantía o seguridad de que cubrirá los fondos del giro del vendedor si el banco que lo emite no lo hace.  2, record 11, Spanish, - carta%20de%20cr%C3%A9dito%20confirmada

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 CONT

A circular letter of credit ... enables the borrower to negotiate drafts at any one of a number of foreign correspondents which will pay against drafts so drawn to the borrower, thus enabling the borrower to obtain funds wherever he may be travelling.  1, record 12, English, - circular%20letter%20of%20credit

Record number: 12, Textual support number: 1 OBS

A letter requesting one person to make advances to a third person on the credit of the writer is a letter of credit.  1, record 12, English, - circular%20letter%20of%20credit

Record number: 12, Textual support number: 2 OBS

circular letter of credit: term and text reproduced from The Encyclopedia of Banking and Finance, Tenth Edition (1993), by Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, with the permission of the copyright holder, The McGraw-Hill Companies Inc. In no event shall McGraw-Hill have any liability to any party for special, incidental, tort, or consequential damages arising out of or in connection with the use of this material.  2, record 12, English, - circular%20letter%20of%20credit

Record 12,  Textual support,  French

Record number: 12, Textual support number: 1 CONT

Lettre de crédit. Lettre missive par laquelle un banquier invite un de ses correspondants à verser au porteur les sommes dont il aura besoin, jusqu'à concurrence d'un chiffre déterminé. Si la lettre de crédit est valable auprès de plusieurs banquiers, elle est dite circulaire.  2, record 12, French, - lettre%20de%20cr%C3%A9dit%20circulaire

Record 12,  Textual support,  Spanish

Record number: 12, Textual support number: 1 DEF

Documento que puede ser presentado en varios bancos en el curso de su uso.  1, record 12, Spanish, - carta%20de%20cr%C3%A9dito%20circular

Record 13,  Textual support,  English

Record number: 13, Textual support number: 1 DEF

A letter of credit that can be cancelled at any time by either of the parties involved.  2, record 13, English, - revocable%20letter%20of%20credit

Record 13,  Textual support,  French

Record number: 13, Textual support number: 1 DEF

Lettre de crédit qui peut être annulée à n'importe quel moment par l'une ou l'autre des parties.  2, record 13, French, - lettre%20de%20cr%C3%A9dit%20r%C3%A9vocable

Record 13,  Textual support,  Spanish

Record number: 13, Textual support number: 1 DEF

Carta de crédito que puede cancelarse en cualquier momento por cualquiera de las partes involucradas.  2, record 13, Spanish, - carta%20de%20cr%C3%A9dito%20revocable

Record 14,  Textual support,  English

Record number: 14, Textual support number: 1 DEF

A letter of credit which cannot be cancelled or amended without the consent of all parties to the credit.  3, record 14, English, - irrevocable%20letter%20of%20credit

Record 14,  Textual support,  French

Record number: 14, Textual support number: 1 DEF

Lettre de crédit permettant à un exportateur de percevoir à sa banque, sur présentation des documents prévus, le crédit qui lui a été ouvert sur l'ordre du banquier de l'importateur, en règlement des marchandises envoyées à ce dernier.  3, record 14, French, - accr%C3%A9ditif

Record number: 14, Textual support number: 1 OBS

La lettre de crédit ne peut être ni annulée ni modifiée sans le consentement de toutes les parties.  4, record 14, French, - accr%C3%A9ditif

Record 14,  Textual support,  Spanish

Record number: 14, Textual support number: 1 DEF

Carta de crédito que no puede ser cancelada o modificada sin el consentimiento de todas las partes en el crédito.  2, record 14, Spanish, - carta%20de%20cr%C3%A9dito%20irrevocable

Record 15,  Textual support,  French

Record 15,  Textual support,  Spanish

Record 16,  Textual support,  French

Record 16,  Textual support,  Spanish