confirmed credit

confirmed credit
/kənˌfa:md 'kredɪt/ noun
credit that is official and binding

Marketing dictionary in english. 2015.

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  • confirmed credit — In commercial law, means that the credit must carry the direct obligation of an agency which does business in the seller s financial U.C.C. No. 2 325 …   Black's law dictionary

  • confirmed credit — In commercial law, means that the credit must carry the direct obligation of an agency which does business in the seller s financial U.C.C. No. 2 325 …   Black's law dictionary

  • confirmed credit — noun : letter of credit …   Useful english dictionary

  • credit — cred·it 1 n 1: recognition see also full faith and credit 2 a: the balance in an account which may be drawn upon and repaid later compare loan …   Law dictionary

  • credit — The ability of a business or person to borrow money, or obtain goods on time, in consequence of the favorable opinion held by the particular lender as to solvency and past history of reliability. In re Ford, B.C.Wash., 14 F.2d 848, 849.… …   Black's law dictionary

  • credit — The ability of a business or person to borrow money, or obtain goods on time, in consequence of the favorable opinion held by the particular lender as to solvency and past history of reliability. In re Ford, B.C.Wash., 14 F.2d 848, 849.… …   Black's law dictionary

  • confirmed irrevocable credit — ➔ credit1 …   Financial and business terms

  • Confirmed Letter of Credit — A letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. This additional confirmation is in addition to the obligation of the bank which issued the letter of credit. Bloomberg… …   Financial and business terms

  • credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …   Financial and business terms

  • Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …   Financial and business terms

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