Examlex
Match the definition with the correct term. Not all of the terms have a match. A definition can be used more than once.
a.Indirect credit
b.Direct credit
c.One
d.Two
e.Ten
f.Twenty
g.Gross-up (§ 78)
h.Overall foreign loss
-Foreign tax credit allowed when a foreign corporation makes a distribution to its parent corporation.
Shipping Terms
Refers to the agreed conditions between a buyer and seller regarding the delivery of goods, including the allocation of shipping costs and responsibilities.
International Transportation
The movement of goods or people across international borders, involving various modes of transport like air, sea, road, or rail.
Sight Draft
A financial document demanding immediate payment upon presentation to the drawee, commonly used in international trade to control the transfer of goods.
Buyer's Bank
The financial institution that processes payments on behalf of a buyer, especially in international trade transactions.
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