Glossary of International Trade

Glossary of International Trade

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Detailed definitions of 3, 450 terms used in international trade, banking, shipping, and law.A letter of credit is a document issued by a bank stating its commitment to pay someone (supplier/exporter/seller) a stated amount of money on behalf of a buyer (importer) so long as the seller meets very specific terms and conditions. Letters ofanbsp;...

Title:Glossary of International Trade
Author:Edward G. Hinkelman, Sibylla M. Putzi
Publisher:World Trade Press - 2009


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