LOC in Loan Meaning
The LOC meaning in Loan terms is "Lines of Credit". There are 3 related meanings of the LOC Loan abbreviation.
LOC on Loan Full Forms
- Lines of Credit
- Line-Of-Credit
- 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)
What does LOC stand for Loan?
LOC stands for Line of Credit in Loan terms.
What is the shortened form of Lines of Credit in Loan?
The short form of "Lines of Credit" is LOC for Loan.
Citation
LOC in Loan. Acronym24.com. (2021, December 15). Retrieved April 26, 2024 from https://acronym24.com/loc-meaning-in-loan/
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