Examlex
Which of the following is true of supermax prisons when compared to high-security prisons?
Time Draft
A type of credit instrument in international trade where payment is deferred for a specified period after the buyer accepts the draft.
Banker's Acceptance
A short-term financial instrument issued by a company but guaranteed by a bank, commonly used in international trade.
Cash Discount
A reduction in the invoice price offered by a seller to encourage early payment by the buyer.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
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