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A letter of credit (LC) is a financial instrument widely used in international trade to facilitate transactions between exporters and importers while minimizing risk. It is issued by a bank on behalf of the importer, guaranteeing that the exporter will receive payment for the goods or services provided, as long as the terms _________ ____ __________ ____ _________ ________ _______ ___ ____ ______ ___ _____.
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