LOC meaning in Accounts and Finance ?

Answer: What is Letter of Credit mean?

A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, when the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter that assumes the counterparty risk of the buyer paying the seller for goods.

reference

Full Form	Category
Library Of California	Academic & Science
Library of	Academic & Science
Limiting Oxygen Concentration	Academic & Science
Lifetime Of Conflict	Academic & Science
Lauren On Campus	Academic & Science
Learning Opportunity Center	Academic & Science
Line of Credit	Accounts and Finance
Letters of Comment	Accounts and Finance
Letter of Credit	Accounts and Finance
Lock	Airport Code
Liquid Organic Cleaner	Business
Lost Opportunity Cost	Business
Local Optical Committee	Business
London Offshore Consultants	Business
Line Of Convenience	Business
Light Of Christ	Community
Lamb Of Christ	Community
Learning Outside the Classroom	Community
Loving Our Community	Community
Learning Object Creator	Community
Learn Organize Create	Community
Local Organizing Committee	Community
Legionnaires Of Christ	Community
Live from Oujda City	Community
Loss of Contrast	Computer Hardware
Low Overhead Cipher	Computing
Lowest Outgoing Channel	Computing
Loop Online Control	Computing
Lab On a Chip	Computing
Locate	Computing
Local Operating Company	Computing
Loss Of Cell	Computing
LockTrip	Cryptocurrency
Lemoyne Owen College	Educational Institute
Line Out Converter	Electronics
Level of Concern	Electronics
Localization String Resource Header File	File Type
Letter of Counsel	General
Lancaster Outreach Center	General
Live Oil Content	General
Legacy of Clean	General
Liam O'Connor	General
League of Oregon Cities	General
Levels Of Concern	General
Low On Cash	General
Lines Of Credit	General
Launch Operations Centre	General
Low Compression	General
Lexus Owners Club	General
Lincoln Owners Club	General
Lada Owners Club	General
Light Off Catalyst	General
Lamborghini Owners Club	General
Lubricating Oil Consumption	General
Liquid Oil Consumption	General
Loco Or Crazy	General
Love Of Cars	General
Liquid Oil and Cream	General
Liquid Oil Cream	General
Leave in Oil Cream	General
Letter of collection	General
Lind of Control	General
l Outlet Consumption	General
Love of Color	General
Love Of Crips	General
Location Of the Critical	General
La Otra Cronica	General
Legend Of Crystals	General
Lords Of Chaos	General
Legions Of Chaos	General
Loss Of Control	General
Letter of Concern	Governmental
Letter Of Content	Governmental
Letter Of Comment	Governmental
Look-Out Circular	Governmental
Leave Of Court	Governmental
Line of Communication	Governmental
Line of Control (India)	Governmental
Lines of Code	Information Technology
Liga Obrera Comunista	International
LOCuzione	International
Labuan Online Community	Internet
Locus of Control	Maths
Length Of Confinement	Medical
Lateral Occipital Complex	Medical
Lower Oesophageal Contractility	Medical
Loss Of Consciousness	Medical
Level Of Consciousness	Medical
Lincoln Orthopaedic Center	Medical
Level Of Care	Medical
Length of Combat	Military and Defence
Lines of Communication	Military and Defence
Logistics Operations Center	Military and Defence
Line of Control	Military and Defence
Acc Location Accuracy	Military and Defence
Letter of Counseling	Military and Defence
Livingston and Oakland Counties	Regional
Livingston Oakland Counties	Regional
Local Organizing Committee of Ghana	Regional
Lake Ontario Counties	Regional
Launch Operations Complex	Space Science
Localizer	Space Science
Location	Space Science
Lakeland Orienteering Club	Sports