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Goods-In-Bailment
Items that are temporarily entrusted to another party (the bailee) for a specified purpose, under a bailment agreement, but ownership remains with the person who entrusts the goods (the bailor).
Negotiable Document
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, that can be transferred to another holder.
Nonnegotiable Document
A document that cannot be transferred or assigned to another party in a way that confers the original holder's rights to the recipient.
Origin Contract
An agreement made between parties in the country of exportation, dictating the terms of the exchange of goods or services.
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