Brad Tullar
letter of credit.Commercial law. An instrument under which the issuer (usu. a bank), at a customer's request, agrees to honor a draft or other demand for payment made by a third party (the beneficiary), as long as the draft or demand complies with specified conditions, and regardless of whether any underlying agreement between the customer and the beneficiary is satisfied. � Letters of credit are governed by Article 5 of the UCC. � Abbr. LC; L/C. � Often shortened to credit. � Also termed circular letter of credit; circular note; bill of credit. [Cases: Banks and Banking 191. C.J.S. Bills and Notes; Letters of Credit �� 341�366, 368�370, 372�376.] hhmmm an honor or draft by a third party? Could this be document that are fingerprint were put on hhmm?