LC - Letter Of Credit means a guarrantee given by the bank during the course of International Business

snehal

• Oct 18th, 2011

Letter of credit are often used in international transaction to ensure that payment will be received due to the nature of international dealing including factor such sa distance differing loss in each country

lulu

• Dec 15th, 2006

Its a gurantee given by the bank onbehalf its client

Answer Question  Select Best Answer