Home > Answers > WhatisLOC twa1354491317

What is LOC?

Answers (1)

XxMEGA_GOKUxX

It means 'Letter of credit'. A form of guarantee of payment issued by a bank on behalf of the borrower, which ensures the payment of interest and repayment of principle on bond issues.

09:43, 15 November 2013

You have to log in to post to discussions.

Creator

Featured blossaries

African Women in Politics

Category: Politics   1 15 Terms

Forex Jargon

Category: Business   2 19 Terms

photograhy

Category: טכנולוגיה   1 2 Terms

কম্পিউটার

Category: Science   2 5 Terms

iPhone 6

Category: טכנולוגיה   2 8 Terms

cultural economics

Category: Culture   1 3 Terms