What Does OAC Stand For?
OAC stands for On Approved Credit
OAC, or On Approved Credit, refers to financing or credit arrangements that are contingent upon the approval of the borrower's creditworthiness. This term is commonly used in the context of loans, leases, and credit applications, indicating that the final terms and availability of the financing depend on the lender's assessment of the applicant’s credit history and financial stability.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym