when it comes to corporations, what does an LOC stand for, please?

2 ⤊

when it comes to corporations, what does an LOC stand for, please?

2006-07-27 07:45:38 · 5 answers · asked by Christina M 1 in Business & Finance ➔ Corporations

5 answers

it depends on what area you looking at it.loc-line of credit,limited operational Capability

2006-07-27 07:55:33 · answer #1 · answered by quest779 1 · 2⤊ 2⤋

Depends. If you're in the financial industry, then LOC stands for line of credit. In other corps, LOC stands for Letter of Content.

2006-07-27 07:48:12 · answer #2 · answered by Scott D 5 · 0⤊ 0⤋

If you're buying something from abroad or another company and they don't trust you, they ask for a Letter of Credit (LOC) from your bank to their bank.

2006-07-28 01:55:35 · answer #3 · answered by Emmar01 2 · 0⤊ 0⤋

it stands for local operating company

2006-07-27 07:50:23 · answer #4 · answered by Scott M 3 · 0⤊ 0⤋

line of credit?

2006-07-27 07:47:13 · answer #5 · answered by Drowningbluestars 4 · 0⤊ 0⤋