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Trading Terms

Open account

Trade transactions often involve a method of payment called open account. This is when a supplier sends goods to a buyer and the buyer credits the supplier's account with the invoice amount after verifying the shipping documents. The account is then settled at regular intervals, typically monthly, with the buyer sending a bank draft or arranging a remittance through their bank in favor of the exporter. This allows for more flexibility and trust in business relationships.
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Trading Terms encompass terminology and phrases commonly used in financial markets, including terms
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All terms and concepts related to the placement of money in a bank account, including savings accoun
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Investments that provide regular, fixed payments, such as bonds and treasury bills.
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