Question: What Does LC Stand For?

What does LC mean in business?

limited companyA limited company (LC) is a general form of incorporation that limits the amount of liability undertaken by the company’s shareholders.

It refers to a legal structure that ensures that the liability of company members or subscribers is limited to their stake in the company by way of investments or commitments..

What does LC mean in finance?

letter of creditA letter of credit, or “credit letter” is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

What does LC stand for on a map?

AbbreviationDefinitionLCLevel CrossingMH & MLWSMean High and Mean Low Water SpringsMPMile PostMSMile Stone35 more rows•Oct 31, 2019

How many types of LC are there?

fiveThere are five commonly used types of letter of credit. Each has different features and some are more secure than others. Sometimes a letter of credit may combine two types, such as ‘confirmed’ and ‘irrevocable’.

What are the types of LC?

Main types of LCIrrevocable LC. This LC cannot be cancelled or modified without consent of the beneficiary (Seller). … Revocable LC. … Stand-by LC. … Confirmed LC. … Unconfirmed LC. … Transferable LC. … Back-to-Back LC. … Payment at Sight LC.More items…

What is LC margin?

So a margin amount is blocked in your bank account to make the payment under the said letter of credit. … You need to keep 100% margin amount with your bank. If the LC amount is for USD 10000, your amount of USD 10000 is blocked from your account to pay LC amount to your overseas seller on maturity date.

What does LC mean in a text?

Lower Case”Lower Case” is the most common definition for LC on Snapchat, WhatsApp, Facebook, Twitter, and Instagram.

What does LC stand for in engineering?

Level Compressed. Drawing, Design, Architecture. LC. Lead Consultant. Engineering, Structural, Building.

What is IC slang?

IC means “I See”. The abbreviation IC is used with the meaning “I See” to indicate that someone understands a message or situation. … Taken literally, IC means something is within view (i.e., can be seen). IC can also stand for “In Character”, i.e., when someone is playing the role of another person.

What does LC stand for on an excavator?

Long CrawlerI don’t know if this is true for Cat as well, but on many excavators (Volvo for example) LC stands for Long Crawler, and NLC stands for Narrow Long Crawler.

What does LC stand for on a floor plan?

linen closetA linen closet in or near the bathroom will be marked as linen or lc or lin. Moving down a hallway, which is depicted by two solid parallel lines, you will find bedrooms. Bedrooms share common traits of other living spaces. All bedrooms have closets and they are typically labeled as “closet” or CL.