LC MA: Understanding the Abbreviation and Its Meaning

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The abbreviation 'LC MA' typically refers to 'Letter of Credit Master Agreement'. A Letter of Credit (LC) is a financial instrument used in international trade to guarantee payment to a seller, provided certain conditions are met. A Master Agreement (MA) is a contract outlining the general terms and conditions governing multiple transactions. Therefore, an LC MA would likely be a comprehensive agreement detailing the framework for issuing and managing Letters of Credit between parties.

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