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

Du måste logga in för att kunna göra inlägg i diskussioner.

Relaterade termer

osthedge
Financial services; Financial instruments

A passive investment strategy, which automatically creates ...

Roth IRA Conversion
Financial services; Personal investment management

Simply put, it is the conversion of assets from a ...

New Zealand dollar
Financial services; World currencies

The New Zealand dollar is the safest store of value among ...

municipal bond
Financial services; Stocks & securities

Municipal bonds, aka 'munis', are debt issued from the ...

Bitcoin Jesus
Financial services; Currency exchange

Roger Ver is a well-known Bitcoin evangelist and angel ...

Chinese Renminbi
Financial services; World currencies

China is transitioning from an export based economy to one ...

Skapad av

Featured blossaries

Disney Animated Features

Kategori: Arts   2 20 Terms

Education Related

Kategori: Education   2 4 Terms

International Internet Slangs and Idioms

Kategori: Culture   2 29 Terms

Single Digit Salary Earners

Kategori: Business   1 5 Terms

Spooky Spooks

Kategori: Culture   5 3 Terms

Pyrenees

Kategori: Geography   1 14 Terms

TermWiki is ranked top innovative application by IDC.

© 2024 CSOFT International, Ltd.   

Följ oss på: