NOUN
Akkreditivletter of credit
Akkreditiv is a German noun that means letter of credit.
Definitions
1.a written, usually irrevocable, order by a bank to pay a certain sum to a third party when specified conditions are met(finance, international trade)
a.document used in international transactions to guarantee payment
Das Akkreditiv dient als Zahlungsmittel im internationalen Handel.—The letter of credit serves as a means of payment in international trade.
b.guarantee by a bank to ensure payment to the exporter after meeting all requirements
Der Exporteur erhält das Geld, sobald alle Bedingungen des Akkreditivs erfüllt sind.—The exporter receives the money as soon as all conditions of the letter of credit are met.
Declension
Genderneuter
| Singular | Plural | |
|---|---|---|
| Nominative | — | die Akkreditive |
| Genitive | — | — |
| Dative | — | — |
| Accusative | — | — |
Frequently asked questions
- What does "Akkreditiv" mean in English?
- "Akkreditiv" means letter of credit. It is a German noun.
- What part of speech is "Akkreditiv"?
- "Akkreditiv" is a noun in German.
