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Home > QFINANCE Dictionary > Definition of DC

Definition of

DC

Banking abbr

provision for payment in international transactions documentary credit: an arrangement, used in the finance of international transactions, whereby a bank undertakes to make a payment to a third party on behalf of a customer.

Definitions of ’DC’ and meaning of ’DC’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’DC’ and other financial terms with our online QFINANCE Financial Dictionary.

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