Finance

C.O.D – the abbreviation stands for cash on delivery. It is a type of transaction in which the recipient makes the payment for a good…

Capitalization It is the act of converting revenue into capital. It is the recordation of a cost as an asset, rather than an expense. It…

Cost, Insurance and Freight (C.I.F) C.I.F. abbreviation stands for the words cost, insurance and freight. CIF is a conventional method of shipping goods for importers.…

Cost and Freight (C & F) C & F stands for cost and freight. It is a legal term in international trade. When used in quoting…

A broker is an intermediary agent in the purchase and sale of goods. He is an agent who negotiates contracts of purchase and sale (as…

Bottomry Bond This is an important document used in foreign trade. It is the contract for the loan of money on a ship. In the…

Bonus Shares Bonus shares are free shares issued to the shareholders out of accumulated reserves. These are additional shares given to the current shareholders without…

Bonded Warehouse It is a warehouse usually situated near the port where the imported goods can be stored temporarily pending the payment of import duty.…

Blockade It is an attempt to cut off all supplies from a town or seaport during a state of war by surrounding the place with…

Bill of Lading (BOL) It is a receipt given by the captain of the ship of goods shipped on board his vessel. It is a…

Bill of Entry This is an important document used in import trade. It is a document created by an importer or exporter of documenting what…

Bearer Cheque A cheque is a very common form of a negotiable instrument. A bearer check is one, which bears the words “Or Bearer” across…