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FOB Shipping Point
A shipping term indicating that the buyer takes responsibility for loss or damage once the goods are shipped, and pays the shipping cost.
Terms
Conditions that are agreed upon in a financial or business arrangement.
Merchandise Inventory
The total value of a company's goods that are available for sale at the end of an accounting period.
Cash
Money in the form of coins or banknotes, especially that owned by a person or organization.
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