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Meaning of L/C in the English dictionary

Dictionary
DICTIONARY
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PRONUNCIATION OF L/C

L/C play
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WHAT DOES L/C MEAN IN ENGLISH?

Letter of credit

A letter of credit is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank. These are documents that prove that the seller has performed the duties under an underlying contract and the goods have been supplied as agreed. In return for these documents, the beneficiary receives payment from the financial institution that issued the letter of credit. The letter of credit serves as a guarantee to the seller that it will be paid regardless of whether the buyer ultimately fails to pay. In this way, the risk that the buyer will fail to pay is transferred from the seller to the letter of credit's issuer. The letter of credit can also be used to ensure that all the agreed upon standards and quality of goods are met by the supplier, provided that these requirements are reflected in the documents described in the letter of credit. Letters of credit are used primarily in international trade for transactions between a supplier in one country and a customer in another.

definitionDefinition of L/C in the English dictionary

The definition of L/C in the dictionary is letter of credit.

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ENGLISH WORDS THAT BEGIN LIKE L/C

L/C
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These words share the same root as L/C. Click on the words to load more information.

Synonyms and antonyms of L/C in the English dictionary of synonyms

Synonyms
SYNONYMS
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WORDS RELATING TO «L/C»

L/C housing finance merchant agent portal money plus recruitment login jeevan saral letter credit document issued financial institution similar party assuring payment seller what meaning written commitment importer called issuing exporter work banking loans about abbreviations include applicant transaction ultimate recipient funds confirmation sumitomo mitsui corporation when need hedging export confirming guarantees date import issuance kasikornbank report number minutes copy hours literally kbank recommended service requiring receiving akkreditiv gabler vertragliche verpflichtung einer auftrag für rechnung nach weisung eines kunden gegen übergabe domestic corporate product overview refers kind settlement method with which opening request amendment krungthai another international trade after customers importers buyers agree products ahli business jordan abbreviated often referred documentary once presenting acting behalf confirmation-international banking-icbc china

Translation of «L/C» into 20 languages

Translator
TRANSLATOR
online translator
translator

TRANSLATION OF L/C

Find out the translation of L/C to 20 languages with our English multilingual translator.
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The translations of L/C from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «L/C» in English.
Chinese Spanish English Hindi Arabic Russian Portuguese French German Japanese Korean Vietnamese Italian Polish Ukrainian Romanian Greek Afrikaans Swedish Norwegian
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zh

Translator English - Chinese

的L / C
1,325 millions of speakers
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es

Translator English - Spanish

L / C
550 millions of speakers
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en

Translator English - English

L/C
510 millions of speakers
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hi

Translator English - Hindi

एल / सी
380 millions of speakers
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ar

Translator English - Arabic

L / C
280 millions of speakers
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ru

Translator English - Russian

L / C
278 millions of speakers
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pt

Translator English - Portuguese

L / C
270 millions of speakers
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fr

Translator English - French

L / C
220 millions of speakers
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de

Translator English - German

L / C
180 millions of speakers
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ja

Translator English - Japanese

L / C
130 millions of speakers
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ko

Translator English - Korean

L / C
85 millions of speakers
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vi

Translator English - Vietnamese

L / C
80 millions of speakers
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it

Translator English - Italian

L / C
65 millions of speakers
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pl

Translator English - Polish

L / C
50 millions of speakers
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uk

Translator English - Ukrainian

L / C
40 millions of speakers
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ro

Translator English - Romanian

L / C
30 millions of speakers
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el

Translator English - Greek

L / C
15 millions of speakers
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af

Translator English - Afrikaans

L / C
14 millions of speakers
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sv

Translator English - Swedish

L / C
10 millions of speakers
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no

Translator English - Norwegian

L / C
5 millions of speakers
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Trends of use of L/C

Trends
TRENDS
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TENDENCIES OF USE OF THE TERM «L/C»

The term «L/C» is very widely used and occupies the 9.864 position in our list of most widely used terms in the English dictionary.
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FREQUENCY
Very widely used
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/100
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The map shown above gives the frequency of use of the term «L/C» in the different countries.
Principal search tendencies and common uses of L/C
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List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «L/C».
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FREQUENCY OF USE OF THE TERM «L/C» OVER TIME

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The graph expresses the annual evolution of the frequency of use of the word «L/C» during the past 500 years. Its implementation is based on analysing how often the term «L/C» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about L/C

Examples
EXAMPLES
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10 ENGLISH BOOKS RELATING TO «L/C»

Discover the use of L/C in the following bibliographical selection. Books relating to L/C and brief extracts from same to provide context of its use in English literature.
1
Handbook of International Banking
L/Cs but to a limited extent the first L/C acts as a form of 'security' for the second L/ C in so far as it is a potential source of reimbursement. Under a back-to-back structure the first L/C is issued in favour of an intermediary who is not supplying the ...
autorA. W. Mullineux, Victor Murinde, 2003
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2
German Banking Law and Practice in International Perspective
Another alternative to deal with a situation where the documents presented by the Beneficiary are not in accordance with the terms of the Credit is to submit those documents to the Issuing Bank not under the L/C, but in a separate transaction ...
autorNorbert Horn, 1999
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3
International Financial Management
L/C. The exporter's bank credits the exporter's account. The exporter can get the money even earlier if it discounts the bill under L/C with its bank or when it raises loans on the strength of L/C. Variants of L/C There are many variants of L/C. A ...
autorSharan, Vyuptakesh
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4
1. Axially-chiral 7-membered N-heterocyclic Carbenes : ...
Table A2-62. Torsion angles [°] for 3-37. C(16)-N(l)-C(4)-N(2) C(5)-N(l)-C(4)-N(2) C(16)-N(l)-C(4)-Pd(l) C(5)-N(l)-C(4)-Pd(l) C(39)-N(2)-C(4)-N(l) C(40)-N(2)-C(4)-N (l) C(39)-N(2)-C(4)-Pd(l) C(40)-N(2)-C(4)-Pd(l) C(l)-Pd(l)-C(4)-N(l) ...
autorChristopher C. Scarborough, 2008
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5
Structural Analysis and Synthetic Progress Towards Small ...
0( 18) C(32)-N(l)-C(l)-C(5) -58.0( 19) C(3)-N(2)-C(2)-0(l) -170.2( 16) C(31)-N(2)- C(2)-0(l) -3(3; N(l)-C(l)-C(2)-0(1) 177.8( 15) C(5)-C(l)-C(2)-0(1) 58(2; C(10)-C(l)- C(2)-O(l) -59(2; C(2)-N(2)-C(3)-S(l) -144.7( 15) C(2)-N(2)-C(3)-C(4) -18(2; ...
autorNathan Walter Polaske, 2008
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6
Synthesis of Novel Low-valent Early Transition Metal Isocyanides
C(3)-Ti(l)-C(8) 130.55(9) C(42)-Sn(l)-C(54) 98.78(8) C(2)-Ti(l)-C(8) 86.19(8) C(48 )-Sn(l)-C(54) 96.80(8) C(l)-Ti(l)-C(8) 78.42(8) C(42)-Sn(l)-Ti(l) 119.93(6) C(7)-Ti(l) -C(8) 35.20(8) C(48)-Sn(l)-Ti(l) 115.66(6) C(4)-Ti(l)-C(6) 79.49(9) ...
autorJessica Marie Allen, 2007
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7
List of orchids used in the fertilisation of hybrids which ...
C. Warscewiczii L.-C. Dominiana j L. purpurata \ C. Dowiana crispa tenebrosa xanthina C. dolosa C. Dowiana aurea . . . C. Gaskelliana .... C. granulosa Schofieldiana C. labiata . . . . . C. Loddigesii .... C. Lüddemanniana . . C. velutina C.
autorRoyal Horticultural Society (Great Britain), Royal Horticultural Society, London, 1905
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8
Focus on Organometallic Chemistry Research
2b: Bond lengths Bond angles S(l)-P(l) 1.965(2) C(2)-P(l)-S(l) 113.1(2) S(2)-P(2) 1.962(2) C(6)-P(2)-S(2) 111.7(2) P(l)-C(2) 1.825(5) P(2)-C(6) 1.809(5) 4a: Bond lengths Bond angles Pd(l)-Cl(l) 2.381(4) Cl(l)-Pd(l)-S(l) 86.88(13) Pd(l)-S(l) ...
autorMarin A. Cato, 2005
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9
Annals of the Astronomical Observatory of Harvard College
256 L. c. Mar. 20. 111. f и / // 13 46.15 45.96 / и / // 13 41.15 40.86 41.61 40.97 39.87 39.69 13 4o''o3 39.55 40.22 40.64 39.55 39.21 / // 13 40.84 40.24 40.24 f и 4 16.69 15.05 15.94 16.19 / // 13 41.94 41.70 41.80 41.13 49 12''ö2 12.81 12.24 ...
autor‎1886
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10
Proceedings
Verbena urtifolia L., c. Verbena angustifolia Miehx., s. urticifolia riparia Britton, s. hastata L., c. 101. LABIATAE. Agastache nepetoides Kuntze, 1. Monarda clinopodia L., 1. scrophulariaefolia Kuntze, 1. fistulosa L., c. Blephilia hirsuta Torr, c.
autorMax Morse, Ohio Academy of Science, 1904
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APA
REFERENCE
«ENGLISH DICTIONARY. L/c [online] - Edition 3.3 (Dec 2016). Available <http://englishdictionary.education/en/lc> »
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