| 单词 | documentary credit |
| 释义 | documentary credit noun[CorU] COMMERCEukus(abbreviationDC);(alsodocumentary letter of credit)ininternationaltrade, anarrangementin which abankin acountryimportinggoodsagreestopayforgoodsbeingexportedwhen itreceivesdocumentsshowingthat thegoodshave beensent Compare documentary collection Examplesofdocumentary creditdocumentary credit Examples of such trade procedures aredocumentarycreditprocedures, in which a set of documents is exchanged between trading parties to control each others actions. From theCambridge English Corpus What makes it a system is that it employs cash-substitutes; traditional payment systems are negotiable instruments such as drafts (e.g., checks) and documentary credits such as letter of credits. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.The only problem is that his margin is only about 10 per cent. and, in order to avoid the costs of documentary credits, he trades in the cheapest way possible. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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