What does LOC mean in Accounting?

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

Letter Of Credit

Business » Accounting

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Definition

What does LOC mean?

letter of credit(noun)
a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit

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"LOC." Abbreviations.com. STANDS4 LLC, 2014. Web. 22 Dec. 2014. <http://www.abbreviations.com/term/45738>.


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