HS304 Vocabulary Review Unit 5 Payment

A document like a bill sent to the buyers to show what the price would be if they made an order.

• deposit

• draft

• receipt

• pro forma invoice

A document given to the buyers as proof of full or partial payment for a product or service

• deposit

• receipt

• balance

• draft

You may choose __________ payment methods other than a credit card.

• alternative

• optional

• different

• outstanding

An __________ payment refers to the unpaid balance.

• alternative

• optional

• outstanding

• opposite

A __________ is a down payment given in advance to support the intention to complete a commercial transaction.

• draft

• balance

• deposit

• pro forma invoice

A seller should __________ the buyer when they have received the payment.

• accept

• acknowledge

• advance

• answer

The money will be __________ to the seller's bank account.

• transmitted

• remitted

• moved

• held

When the seller receives the money from the buyer, then then prepare to ________ the products to the buyers on the agreed date.

• dispatch

• disagree

• disclosure

• disallow

A bill of exchange which is a written payment order from one bank to another bank.

• balance

• receipt

• deposit

• draft

The buyers pay immediately when receiving goods.

• advance payment

• cash on delivery

• COD

• cash against documents