Search

What is another word for banker's credit?

Pronunciation: [bˈaŋkəz kɹˈɛdɪt] (IPA)

Banker's credit, also known as a letter of credit, is a financial instrument used to mitigate risks between a buyer and a seller. It guarantees that the seller will receive their payment, while the buyer ensures that the goods or services provided are of satisfactory quality. Synonyms for Banker's credit include trade credit, documentary credit, and commercial credit. In international trade, it is often called a standby letter of credit. No matter what it is called, banker's credit is an important tool for businesses that engage in international trade or need to reduce their risk in financial transactions.
Synonyms
Hypernyms
Related words & questions
Infographic
Search

Synonyms for Banker's credit:

What are the hypernyms for Banker's credit?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: credit score meaning, what is a credit score, what is the best credit score, how to read a credit score, what does the credit score mean, how to raise your credit score, average credit score, good credit score range, how can i get a higher credit score, why is my credit score so low

Related questions:

  • What is a?

    • Word of the Day

    Chases sign
    The term "Chases sign" refers to a linguistic phenomenon known as synonymy, wherein multiple words or phrases are used interchangeably to convey a similar meaning. Synonyms for "Ch...

    Infographic

    banker's credit, synonym banker's credit, another word for banker's credit, words like banker's credit, thesaurus banker's credit
    Share this Image
    Add the infographic to your website: