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LSDefine

Simple English definitions for legal terms

LC

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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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22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
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