Letter Of Credit (L/C)
What is it? A letter issued by an importers bank guaranteeing payment upon presentation of specified trade documents (invoice, bill of lading, inspection and insurance certificates, etc.).Added By: Erin
The Letter Of Credit (L/C) definition has been viewed 79 Time(s)!
Send To Friends!
If you'd like to send the Letter Of Credit (L/C) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Letter Of Credit (L/C). If you need any more information on this term, please don't hesitate to contact us.