meaning of cable for authority

cable for authority meaning in Law Dictionary

to cover a request that was delivered electronically by beginning a negotiation with a bank (usually the issuing lender) of a letter of credit (L/C). Permission should be fond of pay the L/C despite just about any conditions.


cable for authority meaning in Business Dictionary

to pay for Request sent (originally telegraphically, nowadays digitally) by a negotiating lender toward issuing lender of a letter of credit (L/C) for permission to pay for the L/C despite particular discrepancies when you look at the papers posted by its beneficiary.