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What is another word for banker's credits?

Pronunciation: [bˈaŋkəz kɹˈɛdɪts] (IPA)

Banker's credits, commonly known as documentary credits or letters of credit, are financial instruments used in international trade transactions to ensure payment for goods or services. There are several synonyms for banker's credits, including import letters of credit, trade financing letters, documentary payment arrangements, and commercial letters of credit. These synonyms are used interchangeably to refer to guarantees issued by banks in favor of the seller, which ensure that the buyer pays for the goods received. Banker's credits are essential for international trade, providing security to both buyers and sellers and lowering the risk of non-payment or fraud. With the increasing globalization of trade, banker's credits and their synonyms remain crucial for facilitating international commerce.
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What are the hypernyms for Banker's credits?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: financial credits, merchant credits, banker's credits meaning, professional payments, banker's credits definition, bank credits, payroll credit, business credit

Related questions:

  • What is a banker's credit?
  • How many types of credits are there?
  • What is the definition of a banker's credit?
  • What are the different types of banker's credits?

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