Assertion: letter | /r/HasProperty | lc
Facets:
Source sentences:
text: A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.
text: Letters of credit (LC) provide financial guarantees that reduce risk and enable financial transactions between often distant parties.