ILC in Bond Meaning
The ILC meaning in Bond terms is "Irrevocable Letter of Credit". There are 1 related meanings of the ILC Bond abbreviation.
ILC on Bond Full Forms
- 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 Bond?
ILC stands for Irrevocable Letter of Credit in Bond terms.
What is the shortened form of Irrevocable Letter of Credit in Bond?
The short form of "Irrevocable Letter of Credit" is ILC for Bond.
Citation
ILC in Bond. Acronym24.com. (2021, December 15). Retrieved May 21, 2024 from https://acronym24.com/ilc-meaning-in-bond/
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