L/S

{
  "id": "MLC-T-IND-003449",
  "term": "L/S",
  "field": "Industrial and trades",
  "definition": "An abbreviation for \"Letter of Credit,\" a financial instrument issued by a bank on behalf of a buyer, guaranteeing payment to a seller upon fulfillment of specified conditions. This document provides security for both parties in international trade transactions. The L/C specifies the documents required for payment, such as bills of lading and commercial invoices.",
  "subject": "Manufacturing",
  "translations": {
    "de": "L/S",
    "es": "L/S",
    "fr": "L/S"
  },
  "url": "https://mlchart.com/terminology/industrial/l-s/"
}