let'ter of cred'it

1. an order issued by a banker allowing a person named to draw money to a specified amount from correspondents of the issuer.
2. an instrument issued by a banker authorizing a person named to make drafts upon the issuer up to an amount specified.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

letter of adviceletter of marque
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