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Banking

Standby L/C

A letter of credit (LC) that represents a guarantee by an issuing bank rather than a source for payment. A...

Standby Letter of Credit

A letter of credit (LC) that represents a guarantee by an issuing bank rather than a source for payment. A...

Domestic Letter of Credit

A letter of credit that represents a guarantee by an issuing bank rather than a source for payment. A bank...

Documentary Letter of Credit

A common method of payment that is used in international transactions to facilitate trade by extending credit to banks’ clients....