- letter of indication
- = letter of identificationA 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.
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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
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