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What is another word for L/C?

Pronunciation: [ˈɛl slˈaʃ sˈiː] (IPA)

Letter of Credit (L/C) is a widely used banking document in international trade transactions. For the purpose of banking jargon diversification, some synonyms for the term L/C are as follows: Documentary Credit, Commercial Credit, Bill of Exchange, and Documented Payment. While all these terms have the same underlying meaning, they are often used interchangeably to suit the context of the transaction. In addition to these direct synonyms, further terminology understanding might be helpful for effective trading, including Sight L/C, Revocable L/C, and Irrevocable L/C. Whatever the term used, it remains an essential tool in ensuring payment security and risk mitigation in international trade.
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What are the hypernyms for L/c?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: L/C process, L/C letter of credit, L/C meaning, L/C abbreviation, long term credit, what is an L/C, what is L/C, shipping L/C

Related questions:

  • What does l/c stand for?
  • What is a letter of credit?
  • What does an l/c?

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