See Also: FINANCE CENTER Credit Union(finance)
Letter of Credit (LOC)(finance)
Letter of Credit(money)
Letter of credit (LOC)(money)
letter of credit(dictionary)
Unconfirmed Letter of Credit(finance)
Standby Letter of Credit(money)
Time Letter of Credit(money)
Transferable letter of credit(money)
Unconfirmed Letter of Credit(money)

Letter of Credit (LOC) (finance) and downward (iou)


Letter of Credit (LOC) (finance)


A paper issued by a buyer's bank as proof that the seller will be paid.





downward (iou)



downward adverb, adjective, & preposition. ME.
[Aphet. from ADOWNWARD.]
A. adverb.
= DOWNWARDS 1. ME.
= DOWNWARDS 2. ME.
= DOWNWARDS 3. E17.
b. adjective.
Lying or situated below; lower. rare. ME.
Dryden Aurora..lights the downward Heav'n.
Directed, moving, extending, pointing, leading, etc., towards what is lower; inclined downward. M16.
E. A. Freeman Steps in a downward scale. T. H. Huxley The downward current of the river. National Observer (US) With our new downward mobility, the quasi Marriage is apt to be a..college-bred phenomenon.
C. preposition. = DOWN preposition 1. rare. Only in LME.
downwardly adverb (downwardly: see Mobile adjective 4) M19.
downwardness noun M19.