Examlex
The formula for the Keynesian multiplier with net exports is
FOB
Stands for Free On Board, a term used in international shipping indicating that the seller bears the cost of loading goods onto a shipping vessel, while the buyer pays for transportation and insurance.
Shipment Contract
A sales agreement where the seller is obligated to send the goods to a specific destination, and the risk of loss passes to the buyer when the goods are delivered to the carrier.
Risk of Loss
The responsibility for the loss of goods during shipment, transfer, or at any time before the completion of a sale, typically determined by contract terms.
Shipment Contract
A type of sales contract where the seller is required to send the goods to the buyer, but the risk of loss passes when the goods are handed to the carrier.
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