traveller's letter of credit Synonyms
No Synonyms and anytonyms found
traveller's letter of credit Meaning
Wordnet
traveller's letter of credit (n)
a letter of credit given to a traveler
traveller's letter of credit Sentence Examples
- A traveller's letter of credit is a widely recognized and secure method of payment for international travel.
- The letter of credit assures the traveller that their funds will be available at multiple locations around the globe.
- When a traveller's letter of credit is issued by a bank, it provides a guarantee of payment to the beneficiary.
- The traveller's letter of credit specifies the amount of funds available, the validity period, and the beneficiary's name.
- By presenting the letter of credit at authorized banking institutions, the traveller can access their funds in local currency.
- A traveller's letter of credit can be particularly convenient for extended or multi-destination trips.
- It eliminates the need to carry large amounts of cash, reducing the risk of theft or loss.
- The issuing bank charges a fee for the traveller's letter of credit, typically a percentage of the total amount.
- Unused funds from a traveller's letter of credit can be refunded to the traveller upon their return.
- When used responsibly, a traveller's letter of credit offers peace of mind and financial security while travelling abroad.
FAQs About the word traveller's letter of credit
a letter of credit given to a traveler
No synonyms found.
No antonyms found.
A traveller's letter of credit is a widely recognized and secure method of payment for international travel.
The letter of credit assures the traveller that their funds will be available at multiple locations around the globe.
When a traveller's letter of credit is issued by a bank, it provides a guarantee of payment to the beneficiary.
The traveller's letter of credit specifies the amount of funds available, the validity period, and the beneficiary's name.
