Examlex
Single minute exchange of dies (SMED) frees up capacity for other productive uses.
Sale On Approval
A conditional sale that is to become final only in case the buyer, after a trial, approves or is satisfied with the article sold.
Risk Of Loss
The responsibility for the financial impact of damage, destruction, or disappearance of goods or property, assigned by law or by contract.
F.O.B. Boston
A term indicating that the seller is responsible for goods transportation and risk until the goods are loaded onto a ship in Boston.
Risk Of Loss
Legal term defining which party bears the financial responsibility for damage, destruction, or loss of property, particularly in transactions of goods.
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