Commercial Instrument (Noun)
Meaning
A document of or relating to commerce.
Classification
Nouns denoting communicative processes and contents.
Examples
- The letter of credit was a commercial instrument that helped facilitate international trade between the two companies.
- She worked as a lawyer specializing in drafting and reviewing commercial instruments for businesses.
- The bank accepted the promissory note as a commercial instrument and offered the company a loan.
- The commercial instrument was drafted to include the terms of payment and the responsibilities of both parties.
- The business owner used a standard commercial instrument template to create a contract with her suppliers.