Examlex
When the control equation identifies a situation in which actual performance is less than desired performance, the situation is called:
Liability
A company's or individual's legal responsibility for their actions or the state of being legally obligated to settle a debt.
Negotiable Bill of Lading
A document issued by a carrier that guarantees the delivery of goods to a specified party and can be transferred by endorsement to others.
Seller's Bank
A financial institution that represents the seller in a transaction, particularly in international trade, by handling the receipt and processing of payment.
Agent for Collection
An individual or entity appointed to gather or receive payments on behalf of another.
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