770 216_Documentation and Finance II

a bill to order a bank to pay a specified amount of money to someone’s account

• advance payment (n)

• documentary credit (n)

• cheque (n)

• open account (n)

also called cash against documents (CAD). It means that the exporter has full control over the documents until payment has been made by the importer.

• documents against payment (n)

• cash on delivery (n)

• advance payment (n)

• documentary credit (n)

to get a sum of money added to a bank account

• acknowledge (v)

• transfer (v)

• secure (adj)

• credit (v)

customer pays immediately on receiving the goods

• cheque (n)

• cash on delivery (n)

• open account (n)

• documents against payment (n)

customer/importer has to pay for the goods before they are shipped

• advance payment (n)

• cash on delivery (n)

• open account (n)

• documents against payment (n)

a method of payment where the buyer's bank guarantees payment to the seller with the condition that the seller has to fulfill

• cheque (n)

• transfer (v)

• open account (n)

• documentary credit (n)

the exporter supplies the goods, and the importer/customer pays for them at an agreed date in the future

• cash on delivery (n)

• advance payment (n)

• open account (n)

• cheque (n)

to admit something to be true; to recognize

• secure (adj)

• transfer (v)

• credit (v)

• acknowledge (v)

to send money from one account to another

• transfer (v)

• credit (v)

• open account (n)

• cheque (n)

safe

• transfer (v)

• cheque (n)

• secure (adj)

• credit (v)