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ILOC in Business Meaning

The ILOC meaning in Business terms is "Irrevocable Letters of Credit". There are 2 related meanings of the ILOC Business abbreviation.

ILOC on Business Full Forms

  1. Irrevocable Letters of Credit
  2. 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)

  1. What does ILOC stand for Business?

    ILOC stands for Irrevocable Letters of Credit in Business terms.

  2. What is the shortened form of Irrevocable Letters of Credit in Business?

    The short form of "Irrevocable Letters of Credit" is ILOC for Business.

Citation

ILOC in Business. Acronym24.com. (2020, May 24). Retrieved June 16, 2024 from https://acronym24.com/iloc-meaning-in-business/

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