|WWW Virtual Library: Logistics|
|LogisticsWorld Logistics Glossary|
Letter of Credit - A letter from a bank or lending institution that authorizes an account holder to draw drafts within set limits, and requires the repayment of such drafts by the account holder. Acronym: LOC
Related Terms: Letter of Credit - account | debt | draft | commercial letter of credit | loan |
Search History: [ Letter of Credit ]
|WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, firstname.lastname@example.org
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