letter of credit vs commercial letter of credit
commercial letter of credit vs letter of creditletter of credit and commercial letter of credit both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| letter of credit | Yes | No | No | No |
| commercial letter of credit | Yes | No | No | No |
As nouns,
commercial letter of credit is a hyponym of
letter of credit; that is, commercial letter of credit is a
word with a more specific, narrower meaning than
letter of credit:
- letter of credit: 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
- commercial letter of credit: a letter of credit given to a business concern for commercial purposes
Other hyponyms of letter of credit include
traveler's letter of credit, traveller's letter of credit.
| letter of credit (noun) | commercial 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 | a letter of credit given to a business concern for commercial purposes |
Words related to "letter of credit"
Words related to "commercial letter of credit"
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