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FrançaisRefers to an electronic wire transfer, usually in connection with payment in advance or payment by open account.
Read MoreTime draft
A financial instrument demanding payment at a future fixed rate, or at a specified period of time after sight (30, 60, 90 day etc.), or after the date of issue. Also called usance draft.
Read MoreTime value money
The value of a sum of money, taking into account the amount of interest that could be earned over a period of time.
Read MoreTrade acceptance
A bill of exchange drawn by the exporter/seller on the importer/buyer of goods sold, and accepted by such purchaser. See bill of exchange.
Read MoreTrade finance
This is the way in which an exporter requires an importer to prepay for goods ship. The importer wants to reduce risks by asking the exporter to document that the goods have been shipped. The importer´s bank assists by providing…
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