letter of credit right

Legal Definition of letter of credit right

: a right under section 9-102 of the Uniform Commercial Code to payment and performance under a letter of credit

Learn More About letter of credit right

Cite this Entry

“Letter of credit right.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/letter%20of%20credit%20right. Accessed 20 Jun. 2021.

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