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.
The word Eliza is neither an Arabic name and nor any known word it is only derived form the Elizabeth (7 September 1533 - 24 March 1603) was Queen regnant of England and Queen regnant of Ireland from 17 November 1558 until her death.