Letter Of Credit meaning in Urdu
Letter Of Credit Definitions
1) Letter Of Credit : بنک کی طرف سے بھیجا ہوا خط : (noun) a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit.
Useful Words
Compensating Balance : کم از کم رقم , Acquirer : تاجروں کو تجارتی قرضے دینے والا بینک , High-Yield Bond : ردی بانڈ , Acquirer : اے ٹی ایم مشین فراہم کرنے والا ادارہ , Bank Line : ادھار دینے کی حد , Bank Clerk : بنک کا خزانچی , Agency Security : امریکی ضمانت , Charge Card : کریڈٹ کارڈ , Credited : ادھار پر دیا گیا , Credit : سہرا دینا , Ascribe : کسی کے نام کرنا , Believe : بھروسہ کرنا , Creditworthy : معتبر , Lender : قرض دینے والا , Finance : مالی معاملات چلانا , Stringency : تنگی , Balance : بقایا جات , Account Payable : واجب الادا , Accreditation : معیار کے مطابق ہونے کی منظوری , Drawee : مجری الیہ , Banking : بینکنگ کا پیشہ , Home Loan Bank : قرض دینے کا ادارہ , Bank Draft : ایک بینک کی دوسرے بینک کے نام ہنڈی , Debenture : کفالت نامہ تمسک , Acceptance : بینک کے اوقات , Bank Bill : نوٹ , Stop Payment : ادائیگی روک دینا , Agent Bank : دلال بینک , Enclosure : کاغذات وغیرہ لفافے میں بند کرنا , Acrophony : ہم آواز الفاظ , Frequenter : روز کا گاہک
Useful Words Definitions
Compensating Balance: a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan; a common requirement for establishing a line of credit at a bank.
Acquirer: a credit card processing bank; merchants receive credit for credit card receipts less a processing fee.
High-Yield Bond: a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit.
Acquirer: the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card.
Bank Line: the maximum credit that a customer is allowed.
Bank Clerk: a bank clerk is an employee who works in a bank and is responsible for various administrative and customer service tasks, such as processing transactions, answering customer inquiries, and maintaining financial records.
Agency Security: a security issued by United States government agencies or the Farm Credit System.
Charge Card: a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered.
Credited: (usually followed by `to`) given credit for.
Credit: give someone credit for something.
Ascribe: attribute or credit to.
Believe: credit with veracity.
Creditworthy: having an acceptable credit rating.
Lender: someone who lends money or gives credit in business matters.
Finance: the management of money and credit and banking and investments.
Stringency: a state occasioned by scarcity of money and a shortage of credit.
Balance: the difference between the totals of the credit and debit sides of an account.
Account Payable: a liability account showing how much is owed for goods and services purchased on credit.
Accreditation: the act of granting credit or recognition (especially with respect to educational institution that maintains suitable standards).
Drawee: the person (or bank) who is expected to pay a check or draft when it is presented for payment.
Banking: engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc.
Home Loan Bank: one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region.
Bank Draft: a draft drawn by a bank against funds deposited in another bank.
Debenture: the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Acceptance: banking: a time draft drawn on and accepted by a bank.
Bank Bill: a piece of paper money (especially one issued by a central bank).
Stop Payment: a depositor's order to a bank to refuse payment on a check.
Agent Bank: a bank that acts as an agent for a foreign bank.
Enclosure: something (usually a supporting document) that is enclosed in an envelope with a covering letter.
Acrophony: naming a letter of the alphabet by using a word whose initial sound is the sound represented by that letter.
Frequenter: a regular customer.