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The economics concept of market is?
the coming together of a buyer and seller
Which of the following is the most complete description of the concept of market?
an agreement between a buyer and a seller
What is a bank soft probe?
As described by Wikipedia "A soft probe is a confirmation method used by banks to verify funding for a seller from a buyer, conducted by the seller's bank to the buyer's bank. Such a probe is not recorded in the buyer's banking information, and usually nothing but confirmation or lack of confirmation is recorded by the seller."Seller sends a soft document to buyer's bank to make certain buyer has enough funds or financial facility to complete transaction between them.
What is the concept of repossession about?
Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.
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
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
What is outward bills for collection in banking?
Outward Bills for Collection (OBC) is the handling of domestic sales and export documents, which are presented to the Bank by the seller to collect payment from the buyer through the buyer's bank.
What are the 2 people called in a deed?
The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.
What do FCO and ICPO in terms of international trading mean?
FULL CORPORATE OFFER TO: I, _______________________________, with full legal and corporate responsibility, and under penalty of perjury, with full knowledge of the act of fraud; and as the Seller am ready, willing and able to deliver the herein offered Goods under the following terms and conditions: Commodity: Form: Quantity: Origin: Price: Discount: Payment: Delivery Terms: FCO must be signed and sealed by the seller/seller's mandate ONLY. A FCO issued by seller or seller's mandate must have a letter stating that they have the authority to sell on behalf of the principal, and must be signed and witnessed by a public notary. 2. The Buyer/Buyer's Mandate submits a letter of intent/LOI (RWA/RWAD) and a contract. 3. The Seller/Seller's Mandate responds with the signed and sealed contract with full banking coordinates. 4. The Buyer/Buyer's Mandate signs the contract, and accepts the invitation of the Seller. The Buyer/Buyer's Mandate sends a hard copy of the contract/agreement signed by both Buyer and Seller with full banking coordinates. 5. Upon receipt of the proof of existence of goods and the certificate of authority to sell, the Buyer will instruct confirm the availability of funds to be used as payment. 6. The Buyer and the Seller agree on a window time for exchange. Dated ____________; X______________________________________ Seller Print Name:
What does seller issues POP to buyer mean?
seller issues POP to buyer mean
Does the buyer or the seller pay?
The buyer pays.
