sight letter of credit

Definition

A letter of credit that is payable as soon as the required documents have been presented.

Use this term in a sentence

It was a sight letter of credit and that was payable as soon as the documents were presented, which would be soon.

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We were handed a sight letter of credit, and with that we were able to hit the ground running on the projects we had planned.

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The sight letter of credit existed so the team presented the required documents to the organization who then issued the credit.

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sight draft sight line