ILC

(redirected from Irrevocable letter of credit)
Also found in: Financial, Encyclopedia.
AcronymDefinition
ILCInterchangeable Lens Camera (various companies)
ILCInternational Law Commission (United Nations)
ILCInterchangeable Lens Compact (cameras)
ILCInternational Linear Collider
ILCInnate Lymphoid Cell
ILCIndice des Loyers Commerciaux (French: Commercial Rent Index)
ILCIterative Learning Control
ILCIndependent Learning Centre (various locations)
ILCIndependent Living Center
ILCInternational Longevity Center (various countries)
ILCIngress Line Card
ILCInput Line Card
ILCIntelligent Lighting Control
ILCImage List Controls
ILCIndependent Living Centre
ILCInternational Land Coalition
ILCIstituto di Linguistica Computazionale (Italy)
ILCIowa League of Cities
ILCInternational Lisp Conference
ILCIrrevocable Letter of Credit
ILCIn Lieu of Conviction (law)
ILCIndustrial Loan Company
ILCIndigenous Land Corporation
ILCInterstitial Laser Coagulation (medical)
ILCIn Living Color (TV show)
ILCIntervention in Lieu of Conviction (Ohio)
ILCInternational Leadership Conference
ILCInternational Learning Centre (Thailand)
ILCImmanuel Lutheran Church
ILCItalian Language and Culture (various organizations)
ILCInternational Language Centre
ILCInternational Language Conference
ILCIntegrated Learning Center (various locations)
ILCImmanuel Lutheran College (high school, college, & seminary training center for Church of the Lutheran Confession)
ILCIndustrial Loan Corporation
ILCImmigration Law Clinic (various schools)
ILCInternational Lutheran Council
ILCInnovative Learning Conference
ILCImprovement Location Certificate
ILCInternational Labor Conference
ILCIndigenous Law Centre (Australia)
ILCIcelandic Love Corporation
ILCIntake Lobe Centerline (vehicles)
ILCIndustrial Liaison Committee (UK)
ILCInternational Leased Carrier
ILCInternational Logistics Center
ILCIndex Linked Certificate (finance)
ILCInternational Latex Corporation
ILCIndependent Lake Camp (Orson, PA)
ILCInvestor Learning Centre of Canada
ILCIndividual Learning Center
ILCInfralimbic Prefrontal Cortex (memory)
ILCIndustry Life Cycle
ILCInter-Language Call (computer programming)
ILCInitial Launch Capability
ILCIntermodal Logistics Center (aka Inland Port; Riviera Beach, FL)
ILCI Love Capitalism (Malaysia; film festival)
ILCIndustrial Logic Corporation
ILCIntegrated Logistics Capability
ILCI Love Cats
ILCIron Lung Corporation (band)
ILCIllinois Lutheran Conference
ILCInternational Level Class (sailing)
ILCIn-Line Calciner
ILCI Like Cheese
ILCInternational Lions Club
ILCInternational Languages and Cultures (various universities)
ILCIdentifier Length Content
ILCInstallation Location Code (DoD)
ILCIndependent Learning Course
ILCIndependent Learning Contract
ILCInstitute of Logic and Cognition
ILCIntermediate Level of Care (health care)
ILCInlet Charley's (surf shop)
ILCIntermediate Load Cycle (NASA)
ILCInter Layer Communications (framework for one component to talk to another)
ILCInstitute for Leadership Conferences (Washington Future Business Leaders of America)
ILCIndividual Literacy Plan
ILCInternational Library of Criminology
ILCInventory Logistics Console (US Air Force)
ILCInternational Lodging Corporation (Spain)
ILCInterleaver Card
ILCInternational Licensed Carrier
References in periodicals archive ?
Confirmed Irrevocable Letter of Credit (CILC)--This transaction moves the financial responsibility for payment from your customer to the confirming bank (preferably a US bank).
When the buyer's bank issues an irrevocable letter of credit, it now guarantees payment for the goods upon proper presentation of documents.
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.
Under the Court's supervision, Universal was able to convert its bond to cash by substituting an irrevocable Letter of Credit for its performance bond.
They gave him a $10 million irrevocable letter of credit, as well as an additional $3.665 million leftover from the construction loan.
The irrevocable letter of credit, once issued to and accepted by the seller, is not subject to alteration of any kind without the express consent of the seller.
This EITF issue, Impact of an Uncollateralized Irrevocable Letter of Credit on a Real Estate Sale-Leaseback Transaction, considers the effect of a letter of credit on sale-leaseback accounting under FASB Statement no.
In Watson, the Fifth Circuit affirmed the Tax Court's holding that the face amount of an irrevocable letter of credit received by the taxpayer, a cotton producer, was included in income in the year received.
The rating action is in connection with: (1) the substitution of a direct-pay irrevocable letter of credit (LOC) currently provided by Royal Bank of Canada (AA/F1+/Stable) with a LOC to be provided by Sumitomo Mitsui Banking Corporation (SMBC, A/F1/Stable); and (2) a mandatory tender of the bonds.
However, the selection committee denied this, citing provisions on the terms of reference pertaining to the bid security provisions, which required parties to submit a participation bond that should be in the form of 'cash, check, draft, or irrevocable letter of credit issued by a universal or commercial bank in the Philippines.'
The bidder will be allowed to post a 10-percent security, likely to amount to billions of pesos through the five-year commitment period, either in the form of a cashier's check, draft or irrevocable letter of credit from a local or foreign universal or commercial bank.