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"For a small company, even getting a letter of credit is a big deal."
With a letter of credit, he said, that opportunity would be lost.
But when they arrived, he would only open a letter of credit for 1,000.
All he needed was cash or a letter of credit.
For more information, see our guide on letters of credit.
In a few cases, the supplier may want you to use a letter of credit.
Ask for letters of credit if you are doing business overseas.
A letter of credit for a few hundred pounds was all she had with her.
Business is often conducted by notes and letters of credit.
There was still a substantial balance on his letter of credit.
He placed it on the table beside the letter of credit.
It went into the furnace along with the letters of credit.
No payments were due on the letters of credit, however, for at least three years.
I seem to have forty pounds left on my letter of credit,' he said.
But again, the deal fell apart over a missing letter of credit.
"Who knows what it would have cost for the letters of credit.
"I have here some letters of credit from my bankers in London."
Payment terms, such as letters of credit, can be complex.
"I hope we gave her a big enough letter of credit," Gerard said.
The talk turned to delivery dates and letters of credit.
"But they refused to tie up all their working capital in a letter of credit."
He had to post a letter of credit that is easily drawn upon.
"And you've got five hundred pounds left, on your letter of credit."
Merchants in large towns gave letters of credit to one another.
Yet the company refuses to post any letter of credit as required by the government.