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.
Hebrew Meaning: The name Liz is a Hebrew baby name. In Hebrew the meaning of the name Liz is: or Elizabeth, from Elisheba, meaning either oath of God, or God is satisfaction. Also a diminutive of Bethia (daughter or worshipper of God), and of Bethany, a New Testament village near Jerusalem.