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单词 DOCUMENTARY CREDIT
释义

A commercial LETTER OF CREDIT committing the BANK to pay a named BENEFICIARY, such as a seller of goods, once a confirming document has been delivered to the buyer; the documentary credit is widely used in international trade transactions, where BILLS OF LADING often serve as the evidencing document. Also known as DOCUMENTARY DRAFT.

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更新时间:2024/10/27 7:24:11