What is another word for L OF C?
Pronunciation: [ˈɛl ɒv sˈiː] (IPA) 
"L OF C" stands for "Letter of Credit" which is a financial document used in international trade transactions. Synonyms for "L OF C" can include "documentary credit", "bank guarantee" or "credit letter". These terms essentially refer to the same financial instrument used to provide payment security and assurance between buyer and seller. A letter of credit acts as a form of guarantee issued by a bank, promising to pay the recipient under specific conditions. It helps facilitate smooth and secure transactions, especially when dealing with unfamiliar or high-risk partners across borders. These synonyms all represent various ways to describe the same essential financial tool used in international trade.
