TC stands for various terms. Discover the full forms, meanings, and possible interpretations of TC across different fields and industries.
A Traveler's Cheque is a preprinted, fixed-amount cheque designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege. They were traditionally used by travelers instead of cash, as they could be replaced if lost or stolen.
In today's digital age, the use of Traveler's Cheques has declined significantly, with credit and debit cards becoming the preferred method for accessing funds abroad. However, they remain a secure option for those who prefer not to carry large amounts of cash or are traveling to destinations where electronic payments are not widely accepted.
BusinessMoneyTravelingLast updated: