„Bill of Credit“
What does Bill of Credit stand for?
A written authority from one person to another, empowering the recipient of the document to receive money from the correspondents of the issuer abroad . (The usual issuer is a bank)
Source:
Financial and BankingView all itemsFerguson, Niall. “The Ascent of Money: A Financial History of the World.” Penguin Books, 2008.
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