Letters of Credit
Financial instruments that let merchants transfer purchasing power across cities without carrying large amounts of coin.
Core metadata
- ID: letters_of_credit
- Era: Medieval
- First known date: 1200 (decade)
- Region: Medieval Europe and Mediterranean trade finance
- Review status: source_checked
- Maturity: N/A
Prerequisites
- Banking (Early Forms) (banking_early_forms)
- Bills of Exchange & Early Finance (bills_of_exchange_early_finance)
- Notarial Records (notarial_records)
Dependents
- Bills of Exchange Clearing (bills_of_exchange_clearing)
- Merchant Banking Houses (merchant_banking_houses)
- Merchant Courier Networks (merchant_courier_networks)
Fields
Field lanes
- Finance & Markets: Banking & Credit
Node sources
- Your flexible friend: the bill of exchange in theory and practice in the fifteenth century (Economic History Society, 2020, review) • Supports: node
- The History of Money (American Numismatic Association Money Museum, 2019, museum) • Supports: node
Prerequisite edge evidence
Edge/source evidence summary:
- Prerequisite edges: 3
- Average edge confidence: 73%
- Prerequisite sources: 3
- expert_inference: 3
| Prerequisite | Type | Confidence | Evidence level | Note | Sources |
|---|---|---|---|---|---|
| Bills of Exchange & Early Finance (bills_of_exchange_early_finance) | historical_predecessor | 75% | expert_inference | Bills of Exchange & Early Finance is an earlier historical predecessor or foundation, not a one-to-one engineering dependency. |
|
| Banking (Early Forms) (banking_early_forms) | historical_predecessor | 75% | expert_inference | Banking (Early Forms) is an earlier historical predecessor or foundation, not a one-to-one engineering dependency. |
|
| Notarial Records (notarial_records) | enabling | 68% | expert_inference | Notarial Records provides a capability that enables this technology without being the only possible path. |
|
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