The terms of the letter of credit may also state that other conditions be met, such as the delivery of a quality certificate and/or a certificate of insurance. The party that controls the terms of the letter of credit is the issuing bank, which normally uses a standard form for this purpose. When the requirements of the letter of credit have been met, the bank of the exporter pays the amount stated in the agreement.
What does Elizabeth mean? Elizabeth [eliz-a-beth] as a girls' name is pronounced ee-LIZ-a-beth. It is of Hebrew origin, and the meaning of Elizabeth is God is my oath. Can also mean God's promise, God's satisfaction or God's perfection.
Means queen in Latin (or Italian). It was in use as a Christian name from early times, and was borne by a 2nd-century saint. In England it was used during the Middle Ages in honour of the Virgin Mary, and it was later revived in the 19th century. A city in Canada bears this name, in honour of Queen Victoria. Related Names.