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What does ICL stand for?

ICL stands for Income Contingent Loan

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of ICL

Other Resources:
We have 219 other meanings of ICL in our Acronym Attic

Samples in periodicals archive:

6) As originally proposed by Friedman (1962), an income contingent loan specifies that a borrower repay a predetermined percentage of his income over a number of years rather than a fixed periodic payment, allowing borrowers to adjust monthly payments to their current income.