Portuguese translation: crédito de curto prazo/crédito cativo
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English to Portuguese translations [PRO] Law/Patents - Law: Contract(s)
English term or phrase:slave credit
""Back-to-Back LC" means an LC (also known as the "secondary credit" or "slave credit") issued against another LC (also known as the "primary credit" or "master credit") of higher value where the applicant of the secondary credit and the beneficiary of the primary credit are the same person and where the settlement of the secondary credit is obtained by presenting documents received under the secondary credit with substituted invoices or other documents to honour or negotiate the master credit."