25 Example Sentences Showcasing the Meaning of 'Letter Of Credit'
The international trade agreement was secured with a letter of credit to ensure timely payment between the two companies.
Emily's father used a letter of credit when importing goods for his small business, providing financial security for both parties involved.
The company requested a letter of credit from the bank to facilitate the smooth transaction of goods with their overseas supplier.
The real estate deal was finalized with the issuance of a letter of credit, offering a reliable payment guarantee to the property seller.
As part of the trade agreement, the buyer arranged for a letter of credit to assure the seller of prompt and secure payment.
The construction project required a letter of credit to ensure the financial commitment of the contractor throughout the development process.
In the world of finance, a letter of credit acts as a safeguard, minimizing the risks associated with cross-border transactions.
The sophisticated business deal involved the use of a letter of credit to establish trust and guarantee payment between the parties.
A seasoned entrepreneur understands that a letter of credit is an essential tool for managing financial transactions in the global market.
The shipping company insisted on a letter of credit before transporting the valuable cargo to ensure the security of the transaction.
The art dealer required a letter of credit before releasing the valuable painting to the buyer, guaranteeing the authenticity of the transaction.
The philanthropic foundation used a letter of credit to ensure the smooth transfer of funds for the educational scholarship program.
The ambitious infrastructure project obtained a letter of credit to demonstrate financial commitment and attract potential investors.
The insurance company required clients to submit a letter of credit as collateral for large-scale policies, mitigating financial risks.
The agricultural cooperative utilized a letter of credit to facilitate the purchase of equipment and ensure timely payments to farmers.
The pharmaceutical company insisted on a letter of credit to establish trust and guarantee the payment for the bulk purchase of raw materials.
The technology startup leveraged a letter of credit to build credibility with investors and secure funding for its innovative projects.
The university's international student exchange program required participants to submit a letter of credit to cover tuition fees and living expenses.
The government contract for infrastructure development mandated the use of a letter of credit to ensure the completion of the project within budget.
A seasoned investor always considers the presence of a letter of credit as a positive indicator when evaluating potential investment opportunities.
The luxury fashion brand insisted on a letter of credit before shipping its products to overseas retailers, ensuring prompt and secure payments.
The energy company utilized a letter of credit to establish financial security and guarantee payment in its long-term contracts with suppliers.
The technology startup leveraged a letter of credit to establish credibility and secure partnerships with major players in the industry.
The maritime shipping company required a letter of credit to guarantee payment for the transportation of goods across international waters.
The high-net-worth individual utilized a letter of credit as a financial instrument to facilitate large-scale private transactions securely.