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LSDefine

Simple English definitions for legal terms

LC

Read a random definition: compensatio criminis

A quick definition of LC:

LC is an abbreviation that stands for two things: Letter of Credit and Letter of Credence. It is a document that helps people buy and sell things safely. It is like a promise from a bank that they will pay for something if the buyer cannot. It is also sometimes written as L/C.

A more thorough explanation:

LC

LC is an abbreviation that can stand for two different things:

  1. Letter of Credit
  2. Letter of Credence

It is also sometimes written as L/C.

1. A company wants to buy goods from another country, but they don't know the supplier well enough to trust them. So, they ask their bank to issue a letter of credit to the supplier. This means that the bank promises to pay the supplier if they provide the goods as agreed. The letter of credit gives the company some security that they will get what they paid for.

2. A diplomat is sent to another country to represent their government. They bring a letter of credence from their own government to show that they have been officially appointed. This helps them to establish their credibility and authority in the new country.

LC can refer to either a letter of credit or a letter of credence. A letter of credit is a document issued by a bank that promises to pay a supplier if they provide goods or services as agreed. This can give the buyer some security that they will get what they paid for, even if they don't know the supplier well. A letter of credence, on the other hand, is a document that shows someone has been officially appointed to represent their government in another country. This can help them to establish their credibility and authority in the new country.

layoff | L–CLAIM PROCEEDING

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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