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(1) - Merriam-Webster Dictionary
(1) - Noun phrase entries...
(2) - { letter of credit } : ( ✔ )Innoffensive?
[Noun phrase] | "letter of credit"
1: a letter addressed by a banker to a correspondent certifying that a person named therein is entitled to draw on the writer's credit up to a certain sum
2: a letter addressed by a banker to a person to whom credit is given authorizing drafts on the issuing bank or on a bank in the person's country up to a certain sum and guaranteeing to accept the drafts if duly made
Origin: 1616 ;
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