What does traveller's letter of credit mean?
Definitions for traveller's letter of credit
trav·eller's let·ter of cred·it
This dictionary definitions page includes all the possible meanings, example usage and translations of the word traveller's letter of credit.
Princeton's WordNet
traveler's letter of credit, traveller's letter of creditnoun
a letter of credit given to a traveler
ChatGPT
traveller's letter of credit
A traveller's letter of credit is a document issued by a bank or financial institution, which guarantees that the holder has sufficient funds to cover their expenses while traveling. It serves as a kind of guarantee for hotels, restaurants, and other businesses that the traveller can pay for the services provided. The holder can draw funds against it as needed, while the issuing bank promises to reimburse those who honour the letter of credit. This can provide a secure and convenient means of carrying money when travelling, particularly internationally.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of traveller's letter of credit in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of traveller's letter of credit in Pythagorean Numerology is: 4
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"traveller's letter of credit." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/traveller%27s+letter+of+credit>.
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