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hello everyone hi welcome to a channel of WallStreetmojo watch the video till the end and also if you are new to this channel then you can subscribe us by clicking the bell icon today we have a topic with us is called letter of credit the LC and BG is very famous terms that we use in the debt capital market so what is letter of credit over here there is a dialogue box showing some of the details on LC a letter of credit is a return committee returned commitment to pay which is issued by the buyers or the importance bank that is the issuing bank to these sellers or the exporters bank that is accepting Bank negotiating paying a bank or paying the bank okay this is quite confusing no issues will break down each and every term so that we get a complete idea what is LC so see it is a little which guarantees okay on time buyers payment buyers means the person who has bought the goods that is the importer the buyer payment to a seller it is the guarantee on time buyers payment to a seller an