Define: L-C
What does "L-C" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (CrowdStrike Holdings, Inc., seen in 1 filing)
L-C means an unconditional, clean, irrevocable letter of credit.
Source: CrowdStrike Holdings, Inc. S-1
Definition 2 (Salesforce, Inc., seen in 1 filing)
L-C means an unconditional, clean, irrevocable, standby letter of credit.
Source: Salesforce, Inc. S-1
Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.