lettre de crédit libre
- Domaine
-
- finance banque
- Date
Définition :
Lettre de crédit réalisable sans production de documents.
Note :
On dit traite libre par opposition à traite documentaire.
Termes :
- lettre de crédit libre n. f.
- lettre de crédit non documentaire n. f.
Traductions
-
anglais
Date :Définition
A commercial letter of credit which is not supported by a bill of lading or relative papers.
Note :
Many municipalities now require an L/C from a developer to cover the risk that the town will have to complete his land servicing or construction projects; these are clean, or non-documentary. The municipality supply presents the L/C, and his sight draft, to the bank and is paid.
Termes :
- clean letter of credit
- non-documentary letter of credit