Lc what does it stand for

At one time or another, you've probably seen this Internet slang. Did you wonder what it meant? Did you know it could have more than one meaning? Interstitial cystitis IC : Disease that involves inflammation or irritation of the bladder wall. What does IC mean? IC is an acronym, abbreviation or slang word that is explained above where the IC definition is given. Basically, they'll give you a question relating to your crush, best friend, who you hate, etc.

A letter of credit, or "credit letter" is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

There are five commonly used types of letter of credit. Each has different features and some are more secure than others. Sometimes a letter of credit may combine two types , such as 'confirmed' and 'irrevocable'. As per D. A terms, once the shipping documents along with bills of exchange received by the buyer's bank, the buyer is informed to accept documents by buyer's bank.

Whenever the seller or exporter is in urgent need of money and buyer is unable to pay, then the LC can be used to get the payment from the bank. As per your contract each other, you buyer need to open a Letter of credit LC. In this case, Letter of credit is opened by your bank or other opening bank and beneficiary of letter of credit is your overseas seller of machinery. There are various types of letter of credit LC prevails in the trade transactions. Letter of Credit LC is a document issued by a bank to another bank typically in a different country to serve as a guarantee for payments made to a specified person under specified conditions.

Lean Construction. Level Compressed. GD - General Duty - usually indicates the equivalent of G. What does LC stand for? Category: business and finance debt factoring and invoice discounting. What does LC mean in medical terms?

Term » Abbr. Filter by: Select category from list What does LC mean? Any entity may register domain names under. Popularity rank for the LC initials by frequency of use: LC 1 Couldn't find the full form or full meaning of LC? Discuss these LC abbreviations with the community: 1 Comment. Notify me of new comments via email. Milly Hulbert. Like Reply Report 4 years ago. Cancel Report.

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