c. to accept a bill of exchange (“draft”) drawn by the beneficiary and pay at maturity if the credit is available by acceptance.

对于承兑信用证承兑由受益人出具的汇票并到期付款。

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This letter of Credit is transferable in China only, in the event of a transfer, a letter from the first beneficiary must accompany the documents for negotiation.

本信用证仅允许在中国转让，如有转让，第一受益人须有书面转让文书连同单据一起议付。

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An revocable credit is one that its commitments can be altered or even cancelled without consulting with the beneficiary.

可撤销信用证是指在未同受益人协商的情况下对承诺进行改变，甚至取消。

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Choate suggests this alternative: Name your spouse as primary beneficiary of your IRA and your credit shelter trust as the contingent beneficiary.

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Start off with Visa ( V), which is the beneficiary of a trend away from cash toward debit and credit cards, especially overseas.

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"Structurally this could become a technical tailwind for Asian credit, " and high-quality bonds are likely to be the first beneficiary, he said in a recent report.

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