Your browser doesn't support HTML5 audio
| Definition | : | Letter Of Credit |
| Category | : | Business » Finance |
| Country/ Region |
: | Worldwide
|
| Popularity | : |
|
| Type | : |
Initialism
|
Letter Of Credit (LOC) is a financial instrument used in international trade to guarantee payment for goods or services.
LOC is issued by a bank or other financial institution on behalf of a buyer and is used to assure the seller that the buyer will pay for the goods or services as agreed upon in the contract.
|
Location
Language & Linguistics
|
|
|
Library of Congress
Buildings & Landmarks
|
|
|
Lines Of Code
Programming & Development
|
|
|
Line of Control
Military
|
|
|
Line Of Credit
Banking
|
|
|
Look-Out Circular
Law & Legal
|
|
|
Lab-on-a-Chip
Instruments & Devices
|
|
|
Liquid Organic Cleaner
Products
|
|
|
Locus of Control
Psychiatry & Mental Health
|
|
The full form of LOC is Letter Of Credit
Line Of Credit | Letter Of Credit | Liquid Organic Cleaner
Location | Lines Of Code | Line Of Credit | Letter Of Credit | Lab-on-a-Chip | Liquid Organic Cleaner | Locus of Control