Letter of credit

Rarity: Rare

A topic known well beyond its field, found in many languages.

Rarity follows how well known the article is: its views on the French and English Wikipedia over a year, and the number of languages it exists in.

At a glance

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Notion

Domain

Science and technology

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What Wikipedia says

A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.

Excerpt from the Wikipedia article “Letter of credit”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

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