HomeDefinitionsCompareDebt Letter of credit (LOC)The financial definition for Letter of credit (LOC):A form of guarantee of payment issued by a bank on behalf of a borrower that assures the payment of interest and repayment of principal on bond issues. Similar MatchesAdvisory letterAdvisory letterA newsletter offering financial advice to its readers. Bank Letter of Credit PolicyBank Letter of Credit PolicyStandards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports. Bank Letter of Credit PolicyBank Letter of Credit PolicyStandards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports. Further SuggestionsCommercial letters of creditConfirmed Letter of Credit Deficiency letter Investment letter Letter of Administration Letter of comment Letter of Guarantee Click to compare definitions of Letter of credit (LOC) Click to view definitions beginning le |