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What is the meaning of LC in accounting?
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee
Is LC negotiable instrument?
A Letter of Credit (LC) is not considered a negotiable instrument in the same way that checks or promissory notes are. Instead, it is a financial document issued by a bank that guarantees payment to a seller, provided that the seller meets the specified terms and conditions. While the rights under an LC can be transferred or assigned, the instrument itself does not allow for transfer in the same manner as traditional negotiable instruments. Thus, while it can be used in trade finance, it does not possess the same characteristics as negotiable instruments.
What is the name of this instrument untimarboe?
It seems there may be a typo or misunderstanding regarding the term "untimarboe," as there is no widely recognized instrument by that name. If you meant "trombone," it is a brass instrument known for its slide mechanism. For clarification or if you meant a different instrument, please provide additional context.
What does LC stand for in LC connector?
LC stands for Lucent Connectors
What is meant by the internal intonation of a wind instrument?
intonation
What is a Usanse LC?
LC for 30,60,90,or 120 days is called Usanse LC
What is a LC opening?
what is lc opening?
What is meant by negotiation in lc article 41a?
Negotiating is the process of getting the best terms once the other side starts to act on their interest.
What is advantage of capacitor filter over RC filter?
sounds same to me.maybe you meant advantage of LC filter over RC filter
What does LC mean?
lc = learning centre
Difference between Export LC and import lc?
An import LC is one made with reference to the buyer but with an export LC, the LC is changed to that with reference to the Issuing bank. This gives a stronger guarantee of payment to the seller.
What exactly means by LC?
LC is Letter of credit
