A document by which a line of credit is opened with a third party, usually a bank, a letter of credit. – In the past, such a letter was usually given to traveling salesmen, who were at the same time personally recommended to the addressee by this letter of credit. – See Borgkraft, contingent claim, credit line.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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