A B C D E F G H I K L M N O P R S T U V

Cash with order (CWO)

A payment term whereby the buyer remits the money at the time the order is placed. Under this term, the buyer is actually extending credit to the seller. Also called payment in advance.

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Certified invoice

Some countries require certified invoices, particularly when goods are being shipped against a letter of credit. These are invoices that are certified by a Chamber of Commerce before goods are dispatched. Exporters present the invoice to a Chamber of Commerce,…

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Clean collection

A letter of instructions to a presenting bank accompanied by a draft and often invoices, but not accompanied by any document restricting possession or ownership of the relevant goods. This is the opposite ofo documentary collection. A letter of instructions…

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Clean float

A system in which exchange rates are determined by market forces rather than by government intervention or restrictions. See also dirty float; floating exchange rate.

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