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FrançaisThe possibility that results at the time a product is delivered may differ from expectations held at a time it was ordered. For instance, the market price may have increased o decreased, or the product may be in greater or…
Read MoreMaturity date
The date an obligation becomes due. In bank collections, the due date of an accepted draft.
Read MoreMerchant´s credit
A letter of credit issued by the buyer himself. Contains no commitment whatever on the part of a bank. See letter of credit.
Read MoreMoney order
An instrument used to remit money to a named payee, often used by parties who do not hold a current account with a banking institution to pay bills or transfer money to another party. There are three parties to a…
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