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LOC in Accounting Meaning

The LOC meaning in Accounting terms is "Linj of Credit". There are 2 related meanings of the LOC Accounting abbreviation.

LOC on Accounting Full Forms

  1. Linj of Credit
  2. Line of Credit Generally an informal understanding between the borrower and the bank as to the maximum amount of credit that the bank will provide the borrower at any one time.

Frequently Asked Questions (FAQ)

  1. What does LOC stand for Accounting?

    LOC stands for Line of Credit in Accounting terms.

  2. What is the shortened form of Line of Credit in Accounting?

    The short form of "Line of Credit" is LOC for Accounting.

Citation

LOC in Accounting. Acronym24.com. (2021, December 15). Retrieved April 20, 2024 from https://acronym24.com/loc-meaning-in-accounting/

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