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 letter of credit 添加此单词到默认生词本
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    letter of credit
    [ noun ]
    a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit
    <noun.possession>


    Letter \Let"ter\, n. [OE. lettre, F. lettre, OF. letre, fr. L.
    littera, litera, a letter; pl., an epistle, a writing,
    literature, fr. linere, litum, to besmear, to spread or rub
    over; because one of the earliest modes of writing was by
    graving the characters upon tablets smeared over or covered
    with wax. --Pliny, xiii. 11. See {Liniment}, and cf.
    {Literal}.]
    1. A mark or character used as the representative of a sound,
    or of an articulation of the human organs of speech; a
    first element of written language.

    And a superscription also was written over him in
    letters of Greek, and Latin, and Hebrew. --Luke
    xxiii. 38.

    2. A written or printed communication; a message expressed in
    intelligible characters on something adapted to
    conveyance, as paper, parchment, etc.; an epistle.

    The style of letters ought to be free, easy, and
    natural. --Walsh.

    3. A writing; an inscription. [Obs.]

    None could expound what this letter meant.
    --Chaucer.

    4. Verbal expression; literal statement or meaning; exact
    signification or requirement.

    We must observe the letter of the law, without doing
    violence to the reason of the law and the intention
    of the lawgiver. --Jer. Taylor.

    I broke the letter of it to keep the sense.
    --Tennyson.

    5. (Print.) A single type; type, collectively; a style of
    type.

    Under these buildings . . . was the king's printing
    house, and that famous letter so much esteemed.
    --Evelyn.

    6. pl. Learning; erudition; as, a man of letters.

    7. pl. A letter; an epistle. [Obs.] --Chaucer.

    8. (Teleg.) A telegram longer than an ordinary message sent
    at rates lower than the standard message rate in
    consideration of its being sent and delivered subject to
    priority in service of regular messages. Such telegrams
    are called by the Western Union Company {day letters}, or
    {night letters} according to the time of sending, and by
    The Postal Telegraph Company {day lettergrams}, or {night
    lettergrams}.
    [Webster 1913 Suppl.]

    {Dead letter}, {Drop letter}, etc. See under {Dead}, {Drop},
    etc.

    {Letter book}, a book in which copies of letters are kept.

    {Letter box}, a box for the reception of letters to be mailed
    or delivered.

    {Letter carrier}, a person who carries letters; a postman;
    specif., an officer of the post office who carries letters
    to the persons to whom they are addressed, and collects
    letters to be mailed.

    {Letter cutter}, one who engraves letters or letter punches.


    {Letter lock}, a lock that can not be opened when fastened,
    unless certain movable lettered rings or disks forming a
    part of it are in such a position (indicated by a
    particular combination of the letters) as to permit the
    bolt to be withdrawn.

    A strange lock that opens with AMEN. --Beau. & Fl.

    {Letter paper}, paper for writing letters on; especially, a
    size of paper intermediate between note paper and
    foolscap. See {Paper}.

    {Letter punch}, a steel punch with a letter engraved on the
    end, used in making the matrices for type.

    {Letters of administration} (Law), the instrument by which an
    administrator or administratrix is authorized to
    administer the goods and estate of a deceased person.

    {Letter of attorney}, {Letter of credit}, etc. See under
    {Attorney}, {Credit}, etc.

    {Letter of license}, a paper by which creditors extend a
    debtor's time for paying his debts.

    {Letters close} or {Letters clause} (Eng. Law.), letters or
    writs directed to particular persons for particular
    purposes, and hence closed or sealed on the outside; --
    distinguished from {letters patent}. --Burrill.

    {Letters of orders} (Eccl.), a document duly signed and
    sealed, by which a bishop makes it known that he has
    regularly ordained a certain person as priest, deacon,
    etc.

    {Letters patent}, {Letters overt}, or {Letters open} (Eng.
    Law), a writing executed and sealed, by which power and
    authority are granted to a person to do some act, or enjoy
    some right; as, letters patent under the seal of England.
    The common commercial {patent} is a derivative form of
    such a right.

    {Letter-sheet envelope}, a stamped sheet of letter paper
    issued by the government, prepared to be folded and sealed
    for transmission by mail without an envelope.

    {Letters testamentary} (Law), an instrument granted by the
    proper officer to an executor after probate of a will,
    authorizing him to act as executor.

    {Letter writer}.
    (a) One who writes letters.
    (b) A machine for copying letters.
    (c) A book giving directions and forms for the writing of
    letters.


    Credit \Cred"it\ (kr[e^]d"[i^]t), n. [F. cr['e]dit (cf. It.
    credito), L. creditum loan, prop. neut. of creditus, p. p. of
    credere to trust, loan, believe. See {Creed}.]
    1. Reliance on the truth of something said or done; belief;
    faith; trust; confidence.

    When Jonathan and the people heard these words they
    gave no credit unto them, nor received them. --1
    Macc. x. 46.

    2. Reputation derived from the confidence of others; esteem;
    honor; good name; estimation.

    John Gilpin was a citizen
    Of credit and renown. --Cowper.

    3. A ground of, or title to, belief or confidence; authority
    derived from character or reputation.

    The things which we properly believe, be only such
    as are received on the credit of divine testimony.
    --Hooker.

    4. That which tends to procure, or add to, reputation or
    esteem; an honor.

    I published, because I was told I might please such
    as it was a credit to please. --Pope.

    5. Influence derived from the good opinion, confidence, or
    favor of others; interest.

    Having credit enough with his master to provide for
    his own interest. --Clarendon.

    6. (Com.) Trust given or received; expectation of future
    playment for property transferred, or of fulfillment or
    promises given; mercantile reputation entitling one to be
    trusted; -- applied to individuals, corporations,
    communities, or nations; as, to buy goods on credit.

    Credit is nothing but the expectation of money,
    within some limited time. --Locke.

    7. The time given for payment for lands or goods sold on
    trust; as, a long credit or a short credit.

    8. (Bookkeeping) The side of an account on which are entered
    all items reckoned as values received from the party or
    the category named at the head of the account; also, any
    one, or the sum, of these items; -- the opposite of
    {debit}; as, this sum is carried to one's credit, and that
    to his debit; A has several credits on the books of B.

    {Bank credit}, or {Cash credit}. See under {Cash}.

    {Bill of credit}. See under {Bill}.

    {Letter of credit}, a letter or notification addressed by a
    banker to his correspondent, informing him that the person
    named therein is entitled to draw a certain sum of money;
    when addressed to several different correspondents, or
    when the money can be drawn in fractional sums in several
    different places, it is called a {circular letter of
    credit}.

    {Public credit}.
    (a) The reputation of, or general confidence in, the
    ability or readiness of a government to fulfill its
    pecuniary engagements.
    (b) The ability and fidelity of merchants or others who
    owe largely in a community.

    He touched the dead corpse of Public Credit, and
    it sprung upon its feet. --D. Webster.

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