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WordNet-Online
Definitions from WordNet
Noun traveller's letter of credit has 1 sense
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Definitions from the WebTraveller's Letter of CreditDefinition: A traveller's letter of credit is a document issued by a financial institution, commonly a bank, that allows a person to make purchases or withdraw money in a foreign country. It works as a convenient and secure alternative to carrying cash while traveling. Sense: Popular Usage Meaning: A form of payment widely used by travelers to access funds while abroad. Example Sentence: Before embarking on their trip to Europe, they visited the bank to obtain a traveller's letter of credit for easy and safe transactions. Search on AmazonSense: Local Usage Meaning: A letter of credit specifically designed for local travelers, often restricted to a particular region or country. Example Sentence: In certain rural areas, local vendors only accept cash payments as they do not honor traveller's letters of credit. Search on Amazon | ||||
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