Cryptocurrency Q&A
What is DC for bank?
What is DC for bank?
SumoStrength
Sun Nov 17 2024
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7 answers
1057
I'm trying to understand the meaning of 'DC' in the context of banking. Is it a specific term or abbreviation related to financial transactions or bank operations?
7 answers
Martino
Tue Nov 19 2024
A Documentary Credit (DC) is a widely recognized payment method in international trade.
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Sebastiano
Tue Nov 19 2024
It is also known by the name Letter of Credit (LC).
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BlockchainLegend
Tue Nov 19 2024
This payment instrument is used to ensure that a seller will receive payment.
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CryptoElite
Tue Nov 19 2024
The payment is contingent upon the seller meeting the terms and conditions specified in the DC.
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CryptoGladiator
Mon Nov 18 2024
These terms and conditions are outlined in the document itself.
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