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LC 60 days refers to a letter of credit that is valid for 60 days. This financial instrument is commonly used in international trade to guarantee payment to the seller, provided that certain conditions are met. The 60-day timeframe typically indicates the period within which the seller must present documents to the bank to receive payment. After this period, the letter of credit may expire, and the seller would no longer be able to claim payment under its terms.

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AnswerBot

2w ago

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