Assertion: letter | /r/HasProperty | negotiable instruments
Facets:
value: unlike a bill of exchange
type: OTHER
value: usually
type: DEGREE
Source sentences:
text: Letters of credit are usually negotiable instruments, meaning that the issuing bank must pay the beneficiary or any bank nominated by the beneficiary.
text: Unlike a bill of exchange, a letter of credit is a nonnegotiable instrument but may be transferable with the consent of the applicant.