What do you mean by LC ?

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

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lulu

  • Dec 15th, 2006
 

Its a gurantee given by the bank onbehalf its client

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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

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