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C
ORPORATE AND
I
NSTITUTIONAL
G
LOSSARY
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#
L
Landing Certificate
Lease Line Of Credit
Lease Rate (Rental Payment)
Lease Schedule
Legal Transfer
Legal Weight
Lessee
Lessor
Letter Of Credit (L/C), Commercial
Letter Of Credit, Advised
Letter Of Credit, Clean
Letter Of Credit, Confirmed
Letter Of Credit, Negotiable
Letter Of Credit, Red Clause
Letter Of Credit, Restricted
Letter Of Credit, Standby
Letter Of Credit, Straight
Letter Of Credit, Transferable
Letter Of Indemnity
Letter Of Instruction
Letter Of Transmittal
Letters Of Administration
Letters Of Correction
Level
Leveraged Lease
Licensing
Lighter
Like-Kind Property
Limit
Listed Security
Long Position
Letter Of Credit, Negotiable
An L/C that is available to the beneficiary by negotiation of documents with any bank. The issuing bank's engagement to make payment extends to "bona fide holders of drafts."
See related terms:
Guarantor
Letter Of Credit, Restricted
Letter Of Credit, Straight
Negotiation Credit
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Letter Of Credit, Negotiable 
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