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.
Elizabeth is a very prominent first name for women (#5 out of 4276, Top 1%) and also a very prominent surname for all people (#39378 out of 150436, Top 26%). (2000 U.S. Census)