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