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LOC in Business Meaning

The LOC meaning in Business terms is "Letter of Credit". There are 17 related meanings of the LOC Business abbreviation.

LOC on Business Full Forms

  1. Letter of Credit A financial document issued by a bank at the request of the consignee guaranteeing payment to the shipper for cargo, if certain terms and conditions are fulfilled, usually the receipt by the bank of certain documents within a given time. Normally it contains a brief description of the goods, documents required, a shipping date, and an expiration date after which payment will no longer be made. An Irrevocable Letter of Credit is one which obligates the issuing bank to pay the exporter when all terms and conditions of the letter of credit have been met. None of the terms and conditions may be changed without the consent of all parties to the letter of credit.
  2. Liquid Organic Cleaner
  3. Lines of Credit
  4. Local Operating Company
  5. Letters of Comment
  6. Letter of Consent
  7. Legend of The Cryptids
  8. Laptop Overnight Case
  9. 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.
  10. Linj of Credit
  11. Line-Of-Credit
  12. Limit Ok Close
  13. Letters of Comform
  14. Lockable Override Control
  15. Logistics Operations Center
  16. Line Out Convertep
  17. Library of Congress

Frequently Asked Questions (FAQ)

  1. What does LOC stand for Business?

    LOC stands for Line Out Convertep in Business terms.

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

    The short form of "Letters of Comment" is LOC for Business.

Citation

LOC in Business. Acronym24.com. (2021, December 15). Retrieved April 23, 2024 from https://acronym24.com/loc-meaning-in-business/

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