ILC in Banking Meaning
The ILC meaning in Banking terms is "Industrial Logn Company". There are 3 related meanings of the ILC Banking abbreviation.
ILC on Banking Full Forms
- Industrial Logn Company
- Irrevocable Letters of Credit
- Irrevocable Letter of Credit A letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee and which cannot be revoked without joint agreement of both the buyer and the seller.
Frequently Asked Questions (FAQ)
What does ILC stand for Banking?
ILC stands for Irrevocable Letter of Credit in Banking terms.
What is the shortened form of Irrevocable Letters of Credit in Banking?
The short form of "Irrevocable Letters of Credit" is ILC for Banking.
Citation
ILC in Banking. Acronym24.com. (2021, December 15). Retrieved December 28, 2024 from https://acronym24.com/ilc-meaning-in-banking/
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