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			Commercial Letter of Credit - 




A letter from a bank or lending institution that authorizes an account holder to draw drafts within set limits, and requires the repayment of such drafts by the account holder. 













	
	
Related Terms: Commercial Letter of Credit - account | debt | draft | letter of credit | loan |

Computer-Aided Design (1) - The application of information technology to elements of the design process for manufactured, assembled, and constructed products, covering both drafting applications (in the creation, modification, storage, and production of engineering and other technical drawings) and modeling (the generation and use of full three-dimensional models). Acronym: CAD Reference: ECRC University of Scranton / Defense Logistics Agency Included with permission from Joan Smith, "An Introduction to CALS: The Strategy and the Standards", 1990

Related Terms: Computer-Aided Design (1) - computer | design | engineering | manufacturing | technology |

Development Testing - Development testing is equivalent to "proof of principal" as proposed standards are being developed, and before those draft standards achieve technical stability. Reference: ECRC University of Scranton / Defense Logistics Agency Included with permission from: Education Working Group, US CALS/CE Industry Steering Group Adapted from "Electronic Blue Book", 1993

Related Terms: Development Testing - acquisition | contracting | design | engineering | life cycle | specification | testing |

Draft - A written order to draw from an account for the payment of a debt.

Related Terms: Draft - account | debt | tenor |

Letter of Credit - A letter from a bank or lending institution that authorizes an account holder to draw drafts within set limits, and requires the repayment of such drafts by the account holder. Acronym: LOC

Related Terms: Letter of Credit - account | debt | draft | commercial letter of credit | loan |

Remote Data Access - A standard being developed to interconnect applications and databases. The standard originally attempted to cover any kind of data access and concerned itself only with effective dialogue management, but the complexity of so broad a scope has focused it more on Structured Query Language (SQL). An SQL specialization draft based Acronym: RDA Reference: ECRC University of Scranton / Defense Logistics Agency Included with permission from: Gartner Group Adapted from: "Information Technology Glossary" Executive Reference, 1993

Related Terms: Remote Data Access - data | information | management | network | security |

Tenor - The period of time given for payment of a draft.

Related Terms: Tenor - debt | draft |


Unless otherwise indicated, all entries in the LogisticsWorld Logistics Glossary are copyright 1997, Matthew D. Cox, logistics@logisticsworld.com.

 

WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, logistics@logisticsworld.com
Sponsored by LogisticsWorld.
Copyright 1995, 1996, 1997, 1998, 1999 MDC, All rights reserved.