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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 , Agency Security : امریکی ضمانت , Charge Card : کریڈٹ کارڈ , Credited : ادھار پر دیا گیا , Ascribe : کسی کے نام کرنا , Believe : بھروسہ کرنا , Credit : سہرا دینا , Creditworthy : معتبر , Finance : مالی معاملات چلانا , Lender : قرض دینے والا , Stringency : تنگی , Balance : بقایا جات , Account Payable : واجب الادا , Accreditation : معیار کے مطابق ہونے کی منظوری , Drawee : مجری الیہ , Home Loan Bank : قرض دینے کا ادارہ , Banking : بینکنگ کا پیشہ , 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 , Guest : ہوٹل 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.

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.

Ascribe: attribute or credit to.

Believe: credit with veracity.

Credit: give someone credit for something.

Creditworthy: having an acceptable credit rating.

Finance: the management of money and credit and banking and investments.

Lender: someone who lends money or gives credit in business matters.

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.

Home Loan Bank: one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region.

Banking: engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc..

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.

Guest: a customer of a hotel or restaurant etc..

Related Words

Credit : ادھار , Document : کاغذات

Close Words

Letter : مراسلہ , Letter Box : خط ڈبہ , Letter Carrier : ڈاکیا , Letter Paper : ورق و لفافہ , Letter Writer : مراسلہ نگار , Letter-Perfect : لفظ بلفظ درست , Lettered : اعلی تعلیم یافتہ , Letterer : خطاط , Letterhead : سرنامہ , Lettering : کتبہ , Letterman : اسکول کے کھیلوں میں انعام یا سند پانے والا

Close Words Definitions

Letter: a written message addressed to a person or organization.

Letter Box: a numbered compartment in a post office where mail is put to be called for.

Letter Carrier: a man who delivers the mail.

Letter Paper: paper cut to an appropriate size for writing letters; usually with matching envelopes.

Letter Writer: someone who communicates by means of letters.

Letter-Perfect: correct to the last detail; especially being in or following the exact words.

Lettered: highly educated; having extensive information or understanding.

Letterer: a painter of letters.

Letterhead: a sheet of stationery with name and address of the organization printed at the top.

Lettering: letters inscribed (especially words engraved or carved) on something.

Letterman: an athlete who has earned a letter in a school sport.

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