Examlex
John gets up every ten minutes to make sure he turned off the oven. This is an example of
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and shipping costs the moment the goods leave the seller's premises.
Title Passes
Refers to the transfer of ownership of property or goods from a seller to a buyer upon the fulfillment of certain conditions.
Shipment Date
The date on which goods are dispatched to a customer.
Cash Collected
The total amount of cash received by a company during a specific period, often from the sale of goods or services.
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