Cash in advance

Cash in advance

Payment for goods in which the price is paid in full before shipment is made. This method is usually used only for small purchases or when the goods are built to order.

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Part of Speech: proper noun
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Industry/Domain: Economy
Category: International trade
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Related terms

cash in advance

Financial services; General Finance

A payment term meaning the buyer pays the seller before shipment is effected.

cash in advance (CIA)

Convention; Conferences

Payment for goods in which the price is paid in full before shipment is made. This method is usually used only for small purchases, for poor credit risks or when the goods are ...

cash in advance (CIA)

Transportation; Ocean shipping

A method of payment for goods in which the buyer pays the seller in advance of the shipment of goods. Usually employed when the goods, such as specialized machinery, are built to ...

cash in advance (CIA)

Transportation; Shipping

A method of payment for goods in which the buyer pays the seller in advance of the shipment of goods. Usually employed when the goods, such as specialized machinery, are built to ...

advance

Automotive; Automobile

(1) The act of changing the ignition timing so that the spark occurs earlier in the cycle. The opposite is retard. (2) It may refer to the device which makes this adjustment.

United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

variable levy

Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

voluntary restraint arrangement (VRA)

Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver

Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.