English → Hindi dictionary

letter of credit

लेटर ऑफ क्रेडिटNoun

साख पत्र

Definition

a document issued by a bank that guarantees the payment of a customers draft; substitutes the banks credit for the customers credit

Examples

लेनदेन एक ब्लॉकचेन सक्षम साख पत्र के रूप में था।

The transaction was in the form of a blockchain enabled Letter of Credit (LoC).

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