Trading TermsClosed Trades Defensive Stock Demand guarantee Guaranteed Investment Contracts (GICs) Exchange control (EC) Daily Range
Cash against documents (CAD)
A buyer or importer must pay the indicated invoice amount upon presentation of commercial documents, such as a bill of lading or insurance certificate. This is known as a sight payment, where the payment is made immediately upon the presentation of the documents. It is a common practice in international trade, ensuring that the seller receives payment before the goods are released to the buyer. This protects both parties and is a key term to understand in the world of finance.
Related terms
Understand the meaning and definition of Closed Trades in the context of stock market, trading, and investments.
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MOREUnderstand the meaning and definition of Demand guarantee in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Guaranteed Investment Contracts (GICs) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Exchange control (EC) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Daily Range in the context of stock market, trading, and investments.
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