| A | B |
|---|
| exports | Goods or services shipped out of a seller's home country to a foreign country. |
| imports | Goods or services bought from a foreign country and brought into a buyer's home country. |
| contract of sale | A document that details all the terms agreed to by seller and buyer for a sales transaction. |
| letter of credit | A letter issued by a bank guaranteeing that a named individual or business will be paid a specified amount provided stated conditions are met. |
| bill of lading | A receipt signed by the authorized agent of a transportation company for merchandise received that also serves as a contract for the delivery of the merchandise. |
| commercial invoice | A statement prepared by the seller of merchandise addressed to the buyer showing a detailed listing and description of merchandise sold, including price and terms. |
| draft | A written, signed, and dated order from one party ordering another party, usually a bank, to pay money to a third party. |
| sight draft | A draft payable on sight when the holder presents it for payment. |
| time draft | A draft that is payable at a fixed or determinable future time after it is accepted. |
| trade acceptance | A form signed by a buyer at the time of sale of merchandise in which the buyer promises to pay the seller a specified sum of money, usually at a stated time in the future. |
