/ · 1894 Brewer’s · L · Letter of Credit
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A letter written by a merchant or banker to another, requesting him to credit the bearer with certain sums of money. Circular Notes are letters of credit carried by gentlemen when they travel.
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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.
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