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Definition of


Banking abbr

letter of authorization from one bank to another letter of credit: a letter issued by a bank that can be presented to another bank to authorize the issue of credit or money

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

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