TT payment: meaning and definition - Wise
wise.com › au › blogMay 15, 2018 · a telegraphic transfer lc payment, or letter of credit payment, is a payment that’s arranged in advance, but not made until certain conditions are met.² for example, your business could arrange a tt lc payment with your overseas supplier, setting up documents between your bank and the supplier’s bank to guarantee the payment is completed once, …