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What does raise mean in the following sentence?

The Letter of Credit to be raised as soon as possible after the Contract signature.

Does it mean collecting the money? Or something else?

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It's just another way of saying that the letter of credit is to be drawn up and issued.

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  • @livresque. I'm not sure I understand your comment, but, just to be clear, letters of credit have nothing to do with credit cards.
    – Barrie England
    Commented Feb 17, 2013 at 15:57

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