SIGHT DRAFT
A sight draft is a kind of bill exchange. This is a situation wherein the exporter holds the title for the transported goods until the time that the importer receives the transported goods and makes the payment for them. Sight drafts are often used in air shipments, ocean shipments, and international trade. The sight draft is payable immediately unlike the time draft that delays payment.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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