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  • T/T or L/C

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  • Prepayment or advance payment is a method of payment used in international or domestic transactions where the buyer pays the seller in advance before receiving goods or services. It is a very high-risk method for the importer and with almost no risk for the exporter. An importer can pay the exporter using cash, telegraphic transfer (T/T), Western Union or Money Gram or other payments that is agreed by both parties. Telegraphic transfer (T/T) the most common payment method that requires the use of cable or telegraph (less in use these days) to remit funds. Money does not move physically. The order to pay is wired to an institutions’ casher to make payment to a company or individual. The same principle applies with Western Union and Money Gram.

    An LC circuit is a resonant circuit or tuned circuit that consists of an inductor, represented by the letter L, and a capacitor, represented by the letter C. When connected together, an electric current can alternate between them at the circuit's resonant frequency.

    LC circuits are used either for generating signals at a particular frequency, or picking out a signal at a particular frequency from a more complex signal. They are key components in many applications such as oscillators, filters, tuners and frequency mixers. An LC circuit is an idealized model since it assumes there is no dissipation of energy due to resistance.