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Buyer's Bank
Buyer's bank refers to the financial institution that represents the purchaser in a transaction, often involved in issuing or confirming payment instruments like letters of credit.
Seller
An individual or entity that offers goods or services in exchange for payment or other compensation.
Schengen Area
A zone comprised of 26 European countries that have abolished passports and all other types of border control at their mutual borders, allowing for free and unrestricted movement of people.
Internal Borders
Geographic and administrative boundaries within a country, distinguishing areas of jurisdiction or governmental authority.
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