ProMéxico

The Mexican official agency that administers the export and investment programmes of the Mexican Government. Website.

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Promissory note

An unconditional written promise to pay a specified sum of money on demand or at a specified date to, or to order of. a specified person, or to the bearer. Promissory notes are negotiable instruments and perform more or less…

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Proof of delivery (POD)

A document required from the carrier or driver for proper payment. POD includes the time of delivery, full delivery address, and the name and signature of the person who accepted the shipment. 

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Protectionism

The deliberate use or encouragement of restrictions on imports to enable relatively inefficient domestic producers to compete successfully with foreign producers.

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Protest

The act of formalizing the dishonour of a draft. Laws differ from country to country, but in general the procedure works as follows: The principal has instructed that dishonoured drafts be protested. A draft matures for payment and is not…

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