FLC — Folding Large Container. Farm Labor Contractor (state authorization to hire nonimmigrant labor for farmers) FLC. The meaning of FLC is Farm Labor Contractor and other meanings are located at the bottom which take place within Financial terminology and FLC has 1 different. Get FLC : Definition and Meaning. As such the seller of the goods can take finance by tendering the bills along with the ILC to his banker before the proceeds are realized. in common practice it is called LC it may be FLC ( Foreign letter of credit ) or ILC ( Inland letter of credit ) In this case bank will pay to the party as soon as the flC OR ILC will.