What does L/C mean in International Business?

This page is about the meanings of the acronym/abbreviation/shorthand L/C in the Business field in general and in the International Business terminology in particular.

Letter of Credit

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What does L/C mean?

letter of credit(noun)
a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit

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"L/C." Abbreviations.com. STANDS4 LLC, 2015. Web. 9 Oct. 2015. <http://www.abbreviations.com/term/30807>.