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