长沙至重庆飞机票:信用证 L/C 的英文定义

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求信用证 L/C 的英文定义,谢谢!
是定义哦,不是英文讲法哦!有满意答案会追加分数哦~!

A letter of credit(L/C) is kust a document issued by a bank in the importer's home location. The issuing bank of the L/C gives its authority to another bank or banks in an overseas country(usually in the exporter's home location) to provide funds to the named holder of the L/C (the baneficiary) against the reimbursement by the issuing bank.

Letter of credit

A method of payment for goods in which the buyer establishes his credit with a local bank, clearly describing the goods to be purchased, the price, the documentation required, and a time limit for completion of the transaction. Upon receipt of documentation, the bank is either paid by the buyer or takes title to the goods themselves and proceeds to transfer funds to the seller.

the letter of credit