L/C in German, French, Spanish & Italian

What does L/C mean?

A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.

L/C in a sentence

For international trade, the exporter required an L/C from the importer's bank.

German

Akkreditiv

also Letter of Credit, L/C

Wichtigstes Zahlungssicherungsinstrument im internationalen Handel.

French

Crédit documentaire

also Lettre de crédit, L/C

Garantie bancaire de paiement très utilisée à l'export.

Spanish

Carta de crédito

also L/C

Garantiza que el vendedor recibirá el pago si cumple las condiciones.

Italian

Credito documentario

also Lettera di credito, L/C

Impegno di una banca a pagare il venditore per conto del compratore.