Finance

Cash on Delivery (COD)

Cash on Delivery (COD)

C.O.D – the abbreviation stands for cash on delivery. It is a type of transaction in which the recipient makes the payment for a good at the time of delivery. This signifies that the payment for the goods is to be made at the time of delivery. It is a payment method where you pay for [&hel.....

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Capitalization

Capitalization

Capitalization It is the act of converting revenue into capital. It is the recordation of a cost as an asset, rather than an expense. It refers to the valuation of the total business. If a company constructs fixed assets, the interest cost of any borrowed funds used to pay for the construction ca.....

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Cost, Insurance and Freight (C.I.F)

Cost, Insurance and Freight (C.I.F)

Cost, Insurance and Freight (C.I.F) C.I.F. abbreviation stands for the words cost, insurance and freight. CIF is a conventional method of shipping goods for importers. These terms are used in quoting the prices of goods. The seller must pay the costs and freight includes insurance to bring the go.....

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Cost and Freight (C and F)

Cost and Freight (C and F)

Cost and Freight (C & F) C & F stands for cost and freight. It is a legal term in international trade. When used in quoting prices, it includes the price of the goods together with all possible charges up to the destination excepting insurance. It means that the seller must pay the costs.....

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A Broker

A Broker

A broker is an intermediary agent in the purchase and sale of goods. He is an agent who negotiates contracts of purchase and sale (as of real estate, commodities, or securities). He is a person who buys and sells goods or assets for others. He is an independent party, whose services are used exte.....

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Bottomry Bond

Bottomry Bond

Bottomry Bond This is an important document used in foreign trade. It is the contract for the loan of money on a ship. In the course of a voyage, the captain of the ship may be in urgent need of money. In such a case, he may raise a loan on the security of the […]

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Bonus Shares

Bonus Shares

Bonus Shares Bonus shares are free shares issued to the shareholders out of accumulated reserves. These are additional shares given to the current shareholders without any additional cost, based upon the number of shares that a shareholder owns. These reserves are created by the company out of pr.....

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Bonded Warehouse

Bonded Warehouse

Bonded Warehouse It is a warehouse usually situated near the port where the imported goods can be stored temporarily pending the payment of import duty. It is a customs-controlled warehouse for the retention of imported goods until the duty owed is paid. Its main advantage is to defer the payment.....

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Blockade

Blockade

Blockade It is an attempt to cut off all supplies from a town or seaport during a state of war by surrounding the place with troops or ships. They are meant to prevent ships from reaching enemy ports with goods, food, supplies, or support of any kind. It is an effort to cut off supplies, [&hellip.....

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Bill of Lading

Bill of Lading

Bill of Lading (BOL) It is a receipt given by the captain of the ship of goods shipped on board his vessel. It is a detailed list of a ship’s cargo in the form of a receipt given by the master of the ship to the person consigning the goods. The term “ lade” means […]

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Bill of Entry

Bill of Entry

Bill of Entry This is an important document used in import trade. It is a document created by an importer or exporter of documenting what is being shipped across political boundaries. It is a document showing the details of goods that are being transported into or out of a country. It’s submit.....

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Bearer Cheque

Bearer Cheque

Bearer Cheque A cheque is a very common form of a negotiable instrument. A bearer check is one, which bears the words “Or Bearer” across its face after the name of the payee. ‘Or Bearer’ means the cheque is payable to anyone who bears and presents it to the bank for payment. It is made [&.....

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