expiry date is the validity period of the letter of credit.

Maturity Date: the date when the borrower pays the principal of the bond or other debts to the investor, and it is also the date when the interest payment is stopped.

Extended information:

Letter of credit refers to a written certificate issued by a bank to an exporter (seller) at the request of the importer (buyer) to guarantee the payment of the goods. The general procedure of payment by letter of credit is as follows:

(1) The parties of import and export should clearly stipulate in the sales contract that payment shall be made by letter of credit.

(2) The importer applies to the local bank for opening the L/C, fills in the L/C application form, pays a certain deposit for opening the L/C or provides other guarantees, and asks the bank (issuing bank) to open the L/C to the exporter.

(3) The issuing bank shall open a letter of credit in favor of the exporter according to the contents of the application, and notify the exporter of the letter of credit through its correspondent bank or correspondent bank in the exporter's place (collectively referred to as the advising bank).

other words in the letter of credit:

account? takeover? Account infringement

acquiring? bank? Bill acquirer?

affinity? group? card? Group organization card

approval? ratio? Approval rate

annual? membership? fee? Cardholder annual fee?

reference link: Baidu encyclopedia _ letter of credit