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When does a buyer receive the seller's concession?
At the closing table when all funds from the sale/purchase of the home are exchanged.
What is advance payment guarantee?
buyer will sometimes make an advance payments to the seller to enebled them to start acquisition or production of goods.
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
What is mt110 and how can a buyer use this is a means of payment?
if you receive an Payment advice via MT110 swift does it mean that your account will be credited with such amount
What type of purchases require a down payment?
Several purchases require a down payment. Some examples are houses, cars and boats. The amount of the down payment is negotiated between the buyer and the seller of the purchase.
What is trade letter?
A letter of credit is a document issued by a guaranteeing bank on behalf of a buyer. It is aimed at assuring the seller that he will receive payment once delivery conditions have been met.
How does one get a structured settlement payment?
A structured settlement is defined as a periodic payment. Therefore, in this transaction, the seller will receive periodically some amounts of total value of the item/goods from the buyer, until the whole value is fulfilled.
What is the reason for the payment of goodwill?
A payment of goodwill, sometimes called a payment of earnest, is to let a seller know that a buyer is serious about buying something. A person seeking home ownership might give this type of payment to a realtor to prove they are a serious buyer.
Meaning of discount allowed?
whenever businessman permits less payment than actual one to the buyer whatever benefit buyer is getting is called discount at the time of purchase or at the time of payment. discounts are of two type trade discount and cash discount. when buyer purchases the product in huge quantity seller gives trade discount and on credit sale seller instruct buyer if buyer will pay the amount within time limt permited by seller he will give cash discount.
What do on credit means?
The practice of permitting a buyer to receive goods before payment
What happens when you sell stuff on eBay?
If someone place a bid on the item and there was no reserve (or the winning bid is passed the reserve), the buyer pays for the item. The seller then posts the item or sometimes the buyer collects the item. Then both the seller & the buyer can leave feedback.
How would one describe a land contract?
A land contract is a contract between seller and buyer of property. A contract is only made when an agreement between seller and buyer has been reached. The seller becomes the land owner only when the full payment has been made.
Can a private auto seller renege after receiving a down payment?
Not without the buyer's consent if a contract was already formed
What is invoice receipt?
An invoice or bill is a commercial document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the sale transaction only. Payment terms are independent of the invoice and are negotiated by the buyer and the seller. Payment terms are usually included on the invoice. The buyer could have already paid for the products or services listed on the invoice. Buyer can also have a maximum number of days in which to pay for these goods and is sometimes offered a discount if paid before the due date
Who pays export tax the seller or buyer?
The seller. The seller is shipping it to the buyer, not vice versa.
What is a buyer and seller of goods called?
Buyer is a consumer Seller is a Distributor
When does a buyer receive the seller's concession?
At the closing table when all funds from the sale/purchase of the home are exchanged.
