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question 21

Multiple Choice

Shy 1 2 3 4 5 6 7 8 9 Outgoing is an example of the:


Definitions:

Letters Of Credit

Financial instruments issued by a bank guaranteeing a buyer's payment to a seller, within a specific timeframe, under specified conditions.

Material Terms

Essential conditions or clauses within a contract that significantly affect the performance obligations, the breach of which would substantially change the agreement's outcome.

Damages

Monetary compensation that a party is ordered to pay to another for harm or injury.

Negotiable Instrument

A written promise to pay a specified sum of money, payable either on demand or at a specific future date, with the document listing the name of the person who will make the payment.

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