letter of credit.Commercial law. An instrument under which the issuer (usu. a bank), at a
customer's request, agrees to honor a draft or other demand for payment made by a third party (the
beneficiary), as long as the draft or demand complies with specified conditions, and regardless of
whether any underlying agreement between the customer and the beneficiary is satisfied. — Letters
of credit are governed by Article 5 of the UCC. — Abbr. LC; L/C. — Often shortened to credit. —
Also termed circular letter of credit; circular note; bill of credit. [Cases: Banks and Banking 191.
C.J.S. Bills and Notes; Letters of Credit … 341–366, 368–370, 372–376.] hhmmm an honor or draft by a third party? Could this be document that are fingerprint were put on hhmm?
Printed copy · Anthology Volume 6, page 922Printed copy from The Tender For Law Anthology, Volume 6, page 922 (printed 13 June 2014). Added by this site; not part of the Facebook export.