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Trading Terms

Collecting bank

Let's talk about documentary collections. This is a process in which a bank acts as an intermediary for the seller's bank by collecting payment or acceptance of a time draft from the buyer. The collected funds are then forwarded to the seller's bank, also known as the remitting bank. This method allows for a secure and efficient transfer of payment between parties involved in a transaction.

CWO

Cash with order refers to a payment method where the buyer pays the full amount of the purchase upfront at the time of placing the order. This is commonly seen in business-t...

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Curve-Fitting

To understand finance, we must first comprehend the intricate process of creating rules that correspond to certain conditions. These rules are essential for making informed ...

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Impulse Wave

In the realm of finance, we often encounter the concept of a wave or a series of waves that propel the current trend in a certain direction. This phenomenon, known as a "tre...

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Claused bill of lading

A claused bill of lading, also known as a foul bill of lading, is a document that includes notes or comments regarding any flaws or issues with the goods or their packaging....

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