This refers to shipping documents which are presented to a bank on a collection basis to be passed to the buyer (drawee) when payment is made.
(Carriage Paid To) (...Named Place of Destination):A Term of Sale which means the seller pays the freight for the carriage of the goods to the named destination. The risk of loss of or damage to the goods, as well as any additional costs due to events occ ...
(Cost, Insurance and Freight) (...Named Place of Destination):A Term of Sale where the seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer's risk of loss or damage to the goods during the carriage. T ...
This refers to shipping documents which are presented to a bank on a collection basis to be passed to the buyer when he or she accepts a bill of exchange. The bank holds the bill of exchange until it ends (maturity) when they ask the buyer to pay the sell ...
Generally in law, the voluntary relinquishing of all rights, title or possession of property.
(AMPS)In the US, this system provides access to information helpful to the NYSE staff in managing.
Amounts due to an organisation or individual from another for goods or services it has.
Insurance which pays a lump sum in the event of death of the insured being caused by an.
A former credit card system which was sold to Mastercard and.
Amounts owed by an organisation or individual to another for goods or services it has.
Refers to the commitment by an Importer, evidenced by their accepting a Bill of Exchange drawn on them by an Exporter, to pay for goods at a fixed date in the future.
Where an option is neither sold nor exercised but allowed to lapse at.
A term used in company accounts where income is due or a cost is incurred during an accounting.
Insurance which pays benefits in the event of an accident. Items typically covered are medical.
The date to which accounts are made up for a company. When a company is incorporated, it will.
A Letter of Credit which includes a term bill of exchange in its required documentation. The bill will be accepted by the bank on which it is drawn, usually the issuing or advising bank, and the proceeds paid to the beneficiary at maturity.
(ASB)UK body that sets accounting standards. A subsidiary body of the Financial Reporting.
The rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual.
Also 'account payee only'. Words written on the face of a cheque between two parallel diagonal.
A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes.
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