ILOC in Product Meaning
The ILOC meaning in Product terms is "Irrevocable Letters of Credit". There are 2 related meanings of the ILOC Product abbreviation.
ILOC on Product Full Forms
- Irrevocable Letters of Credit
- 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 Product?
ILOC stands for Irrevocable Letter of Credit in Product terms.
What is the shortened form of Irrevocable Letter of Credit in Product?
The short form of "Irrevocable Letter of Credit" is ILOC for Product.
Citation
ILOC in Product. Acronym24.com. (2020, May 24). Retrieved June 16, 2024 from https://acronym24.com/iloc-meaning-in-product/
Last updated