anticipatory credits

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • green clause letter of credit — Also known as anticipatory credits. A letters of credit which contains a clause authorising the nominated bank to make advances to the seller against security (such as a payment guarantee from a third party or the pre shipment storage of the… …   Law dictionary

  • red clause letter of credit — Also known as anticipatory credits. A letters of credit which contains a clause (traditionally printed in red) authorising the nominated bank to make advances to the seller before shipment/presentation of documents. It is generally of value to… …   Law dictionary

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