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TeachMeFinance.com - explain IRAC IRAC 'IRAC' is an abbreviation standing for 'interdepartment radio advisory committee'. Previous 5 Terms: IPT IR IR pointer IR pointer IRA Next 5 Terms: IRC IRCCM IRCM IRDS IRF Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.