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TeachMeFinance.com - explain Letter of indication historic definition... Letter of indication -- The letter of identification given by a dealer in exchange to the purchaser of a traveler's letter of credit (circular letter of credit) or to the purchaser of circular notes. For additional information see Circular letter of credit; also see Circular note. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.