ILOC in Bond Meaning
The ILOC meaning in Bond terms is "Irrevocable Letter of Credit". There are 1 related meanings of the ILOC Bond abbreviation.
ILOC 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 ILOC stand for Bond?
ILOC 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 ILOC for Bond.
Citation
ILOC in Bond. Acronym24.com. (2020, May 24). Retrieved June 16, 2024 from https://acronym24.com/iloc-meaning-in-bond/
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