The term LOC is an acronym that stands for Lines of Credit. A Line of Credit is a type of loan that allows a borrower to access funds up to a certain amount. The two crossword solutions, CIT and POS, are related to Lines of Credit. CIT stands for Credit Insurance Trust, which is a type of trust that provides insurance for Lines of Credit. POS stands for Point of Sale, which is the location where a customer can use their Line of Credit to purchase goods or services.