letter of indication


letter of indication
= letter of identification
A letter issued by a bank to a customer to whom a letter of credit has been supplied. The letter has to be produced with the letter of credit at the negotiating bank; it provides evidence of the bearer's identity and a specimen of his or her signature. It is used particularly with a circular letter of credit carried by travellers, although traveller's cheques are now more widely used.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • letter of indication — noun A banker s letter requesting foreign bankers to accept the bearer s circular notes • • • Main Entry: ↑letter …   Useful english dictionary

  • letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions (see letter of indication). Commercially, letters of credit are widely used in the …   Big dictionary of business and management

  • letter of identification — noun a letter signed by a banker issued together with a letter of credit, also signed by the person in whose favour the credit is issued, thus enabling identification to the paying agent when cashing drafts drawn under the letter of credit. Also …   Australian English dictionary

  • Indication — (Roget s Thesaurus) < N PARAG:Indication >N GRP: N 1 Sgm: N 1 indication indication Sgm: N 1 symbolism symbolism symbolization Sgm: N 1 semiology semiology semiotics semeiology semeiotics Sgm: N 1 Zeitgeist Zeitgeist …   English dictionary for students

  • indication — I (New American Roget s College Thesaurus) Directing attention to; implication Nouns 1. indication; symbolism, symbolization; denotation, connotation, signification; specification, designation; sign, symbol; index, indicator; dial; point[er],… …   English dictionary for students

  • Letter of wishes — A letter of wishes is a non binding indication by the settlor of the manner in which he wishes the trustees to exercise their discretion in relation to a discretionary trust.Letters of wishes are normally used in testamentary trusts, although… …   Wikipedia

  • Salamander letter — The salamander letter was a forged document created by Mark Hofmann in the early 1980s. The letter was one of hundreds of documents concerning the history of The Church of Jesus Christ of Latter day Saints (LDS Church; see also Mormon) that… …   Wikipedia

  • Rejection letter — A rejection letter is a form of communication, print or otherwise, indicating the refusal of assent (viz: rejection) of a recommended course. There are numerous types and subtypes of rejection letters.Types of rejection lettersLiteraryA book or… …   Wikipedia

  • E-Bow the Letter — Single par R.E.M. extrait de l’album New Adventures in Hi Fi Sortie 27 août 1996 …   Wikipédia en Français

  • List of colleges and universities which have signed the Presidents Letter — The following List of colleges and universities which have signed the Presidents Letter refers to a 2007 movement criticizing the practice of college rankings which developed among faculty and administrators in American Institutions of Higher… …   Wikipedia