traveler's letter of credit

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Definitions from WordNet

Noun traveler's letter of credit has 1 sense

traveler's letter of credit, traveller's letter of credit - a letter of credit given to a traveler
--₁ is a kind of letter of credit
--₁ has particulars: traveler's check, traveller's check, banker's check

Definitions from the Web

Term: Traveler's Letter of Credit

Description: A traveler's letter of credit is a financial instrument used by individuals who are traveling abroad. It serves as a form of payment and provides a safer alternative to carrying large amounts of cash. It enables travelers to access funds from a bank or financial institution in a foreign country, allowing them to make purchases or withdraw cash as needed.

Sample Sentences:

Before leaving for their trip, John and Sarah obtained a traveler's letter of credit to ensure they have a secure method of payment while abroad.
Using a traveler's letter of credit saved Emily from the hassle of exchanging currency every time she visited a different country.
The traveler's letter of credit can be easily renewed and reloaded, giving travelers peace of mind during their journeys.

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