ILOC in Business & Finance Meaning
The ILOC meaning in Business & Finance terms is "Irrevocable Letter of Credit". There are 1 related meanings of the ILOC Business & Finance abbreviation.
ILOC on Business & Finance 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 Business & Finance?
ILOC stands for Irrevocable Letter of Credit in Business & Finance terms.
What is the shortened form of Irrevocable Letter of Credit in Business & Finance?
The short form of "Irrevocable Letter of Credit" is ILOC for Business & Finance.
Citation
ILOC in Business & Finance. Acronym24.com. (2020, May 24). Retrieved June 16, 2024 from https://acronym24.com/iloc-meaning-in-business-finance/
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