Letter of Credit
Defined in the TennesseeDOT standard specifications. This is the agency’s own text, with the section it comes from.
Definitions are quoted from state-authored public specification books. This page carries no I-Code-derived terms.
Tennessee · TDOT
A contractual promise to honor drafts presented for funds upon compliance with the terms and conditions specified. The Department shall have the authority to approve the issuer and prescribe said terms and conditions.
Section 101 — DEFINITIONS AND TERMS →