L/C Meaning
The L/C meaning is "Letter of Credit". The L/C abbreviation has 3 different full form.
L/C Full Forms
- Letter of Credit A financial document issued by a bank at the request of the consignee guaranteeing payment to the shipper for cargo, if certain terms and conditions are fulfilled, usually the receipt by the bank of certain documents within a given time. Normally it contains a brief description of the goods, documents required, a shipping date, and an expiration date after which payment will no longer be made. An Irrevocable Letter of Credit is one which obligates the issuing bank to pay the exporter when all terms and conditions of the letter of credit have been met. None of the terms and conditions may be changed without the consent of all parties to the letter of credit. Business, Finance, Economics, Insurance, Electrical, Business & Finance, Scientific & Educational, International business, Nautical Terms, Aviation, Shipping, Banking, Freight, Air Cargo, Trade, Cargo, Chartering, Legal, Governmental & Military, Business Word
- Laboratory and Checkout NASA, Governmental & Military
- land cover Legal, Geographic, Governmental & Military
Frequently Asked Questions (FAQ)
What does L/C stand for?
L/C stands for Letter of Credit.
What is the shortened form of land cover?
The short form of "land cover" is L/C.
Citation
L/C. Acronym24.com. (2020, May 24). Retrieved April 25, 2024 from https://acronym24.com/l-c-meaning/
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