A B C D E F G H I K L M N O P R S T U V
Ca Ce Cl Co Cr Cu
Cal Cap Cas

Call option

A contract which entitles one party (exporter or importer), at his option, to buy a specific amount of currency to another party (usually a bank), at a price fixed in the contract, within a specified time limit. See American option;…

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Cash against documents (CAD)

Payment terms used in bank collections that require the drawee to pay before receiving certain documents. Typically, the drawer will send these documents to the drawee´s bank with instructions that it secure payment before releasing them. Also called payment at…

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Cash in advance (CAI)

Payment term in which the exporter receives payment before shipment of the goods. This minimizes the exporter´s risk and financial costs, since there is no collection risk and no interest cost or receivables. However, importers rarely agree to these terms,…

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Cash on delivery (COD)

A payment term under which payment for the shipped goods is to be made to the carrier at time of delivery. This practice is not recommended in foreign trade because of differing methods of operation employed by carriers in different…

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