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

Trade 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.

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Trade 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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Transferable letter of credit

A letter of credit where de beneficiary specified in the credit has the option of instructing his bank to transfer the credit fully or in part to another beneficiary. A letter of credit can be transferred if it is expressly…

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Trust receipt

A document executed by a buyer in favour of a bank financing an important transaction, whereby the bank receives a security interest in the goods in exchange for releasing the documents required by the carrier for delivery. The buyer is…

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