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letter of credit vs credit

credit vs letter of credit

letter of credit and credit both are nouns.

letter of credit is not a verb while credit is a verb.

Word NounAdjectiveVerbAdverb
letter of credit Yes No No No
credit Yes No Yes No
As nouns, credit is a hypernym of letter of credit; that is, credit is a word with a broader 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
  • credit: money available for a client to borrow
Other hypernyms of letter of credit include document.
letter of credit (noun) 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 recognition by a college or university that a course of studies has been successfully completed; typically measured in semester hours
used in the phrase `to your credit' in order to indicate an achievement deserving praise
an estimate, based on previous dealings, of a person's or an organization's ability to fulfill their financial commitments
approval
an entry on a list of persons who contributed to a film or written work
a short note recognizing a source of information or of a quoted passage
arrangement for deferred payment for goods and services
an accounting entry acknowledging income or capital items
money available for a client to borrow
letter of credit (verb) credit (verb)
have trust in; trust in the truth or veracity of
give someone credit for something
ascribe an achievement to
enter as credit
Difference between letter of credit and credit

Words related to "letter of credit"

Words related to "credit"

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