ILOC

(redirected from Irrevocable letter of credit)
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ILOC

Rice U. Register-oriented intermediate language targeted to PC/RT. Source languages include Fortran and Russell.
References in periodicals archive ?
Issues of money and currency are less likely to be a problem, says Owsley, if the company has an irrevocable letter of credit between banks.
The customary solution is to provide in the letter of credit that "it shall automatically be extended for periods of at least one year from the present and each future expiration date unless the bank gives to the landlord, by certified mail, return receipt requested, no later than 30 days prior to the relevant expiration date, notice that the bank elects not to renew this irrevocable letter of credit.
3 ("PC3") of Vietnam in February of 2001, the company has completed the delivery of 20,000 ISE7500 powerline communication chips and has redeemed an Irrevocable Letter of Credit ("L/C") valued at over $160,000 CDN.
In Case Of Foreign Supply Payment Will Be Made Through Their Irrevocable Letter Of Credit Or Through Direct Remittance As Follows: 1.
The rating is being assigned in connection with the issuance by the bank of its irrevocable letter of credit pursuant to a reimbursement agreement between the city and the bank, dated as of June 1, 2011.
The EITF concluded an uncollateralized, irrevocable letter of credit should not be considered a form of continuing involvement by the seller-lessee to preclude sale-leaseback accounting under Statement no.
They gave him a $10 million irrevocable letter of credit, as well as an additional $3.
To avoid this result, the tax-payer in the TAM, within 2 1/2 months after the end of its tax year, obtained an irrevocable letter of credit to secure payment of accrued vacation compensation.
This product provides comprehensive coverage to the confirming bank against the failure of the Trade Bank to pay the confirming bank under an irrevocable letter of credit.
It is unfortunate that they will not seek the bond or irrevocable letter of credit, that you had initially stated they were interested in seeking, when they have clearly raised close to $500,000 with which to pay the damage award," she wrote to Grey.
Those who qualify under the grandfather provision need to simply submit an application and license fees, and provide a surety bond or irrevocable letter of credit issued by an insured institution to the NCLCLB office.