What does LOC mean in International Business?

This page is about the meanings of the acronym/abbreviation/shorthand LOC in the Business field in general and in the International Business terminology in particular.

Letter Of Credit

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What does LOC mean?

let′ter of cred′it(n.)
a document issued by a banker allowing the person named to draw money to a specified amount.

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"LOC." Abbreviations.com. STANDS4 LLC, 2014. Web. 21 Dec. 2014. <http://www.abbreviations.com/term/30820>.

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