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What does ISLOC stand for?

ISLOC stands for Irrevocable Standby Letter of Credit

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

  • Business, finance, etc.

Samples in periodicals archive:

83 analysis: Here, Taxpayer's promise to pay vacation benefits was secured by an irrevocable standby letter of credit, and payments made or to be made thereunder were not subject to the claims of its general creditors.
CalEnergy") (NYSE, PSE and LSE Symbol: CE) today reported that on May 19th Korea First Bank funded, pursuant to a court order, the amount of $79,329,000 into a New York interest bearing bank account pending resolution of CE Casecnan's summary judgment motion to require Korea First Bank to honor a drawing on an irrevocable standby letter of credit Korea First Bank had issued for the benefit of CE Casecnan.