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FrançaisFunds forwarded from one person to another as payment for bought items or services.
Read MoreRemittance following collection
In instances when a shipper has performed services incident to the transportation of goods, a carrier will collect payment for these services from the receiver and remit such payments to the shipper. Carriers charge nominal fees for this service.
Read MoreRemitting bank
In a documentary collection, the bank forwarding the exporter´s documents and the draft to, an receiving payments from, the buyer´s bank (collecting bank). See documentary collection.
Read MoreRepresentative office
An office opened in a foreign market as a first step for establishing a relationship with potential buyers or sellers. This type of office allows a company to show its commitment to the new market while permitting more intense on-the-ground…
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