In simplest words, A sight LC means that whenever the Bill of Exchange is presented at counter, it must be paid then and there (ofcourse if the LC docx are in order). While a Usance Bill is first presented then accepted and after that it is paid. Usance bills are usually for a period of 30, 60, 90 days. So if a usance bill is of 30 days then it would be paid 30 days after presentation and acceptance.
No difference as both are alternate names of each other
usance
usance
LC stands for Lucent Connectors
LC for 30,60,90,or 120 days is called Usanse LC
what is lc opening?
lc = learning centre
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.
LC is Letter of credit
What do you mean by the term LC and when it is used
LC Perú was created in 1993.