letter of credit n a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit
News & Articles letter of credit Fitch Releases an Updated Report on 'Rating Guidelines for Letter of Credit-Supported Bonds' Fitch Ratings has published an updated report on 'Rating Guidelines for Letter of Credit-Supported Bonds'. This report updates the previous criteria report of the same name dated J June 14, 2013 - Business Wire via Yahoo! Finance