# Letter of Credit

**IRI:** https://folio.openlegalstandard.org/RBWWm7M917awGxBEiWI5XsG

## Labels

**Translations:**

- de-de: Akkreditiv
- en-gb: Letter of Credit
- es-es: Carta de Crédito
- es-mx: Carta de Crédito
- fr-fr: Lettre de crédit
- he-il: אישור אשראי
- hi-in: क्रेडिट पत्र
- ja-jp: 信用状
- pt-br: Carta de crédito
- zh-cn: 信用证

## Definition

A Letter of Credit is a written agreement between a buyer and a seller, typically used in international trade, in which a bank guarantees payment to the seller upon receipt of certain documents.

## Sub Class Of

- https://folio.openlegalstandard.org/RVoyN9hN3m5gy3So01ZEZ8

**Deprecated:** False