Useful words and phrases

1.a bill to order a bank to pay a specified amount of money to someone's account.

• cheque

• secure

• advance payment

• open account

2. 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.

• advance payment

• cash on delivery

• documents against payment

• credit

3. to get a sum of money added to a bank account.

• cash on delivery

• credit

• transfer

• acknowledge

4.customer pays immediately on receiving the goods.

• advance payment

• documentary credit

• cash on delivery

• secure

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

• advance payment

• cash on delivery

• open account

• documents against payment

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

• open account

• credit

• documentary credit

• acknowledge

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

• acknowledge

• secure

• open account

• cash on delivery

8. to admit something to be true; to recognize.

• acknowledge

• advance payment

• transfer

• credit

9. to send money from one account to another.

• documents against payment

• open account

• transfer

• documentary credit

10. Safe

• secure

• credit

• transfer

• cheque