Professional Documents
Culture Documents
3. One of the instruments used in trade credit that is unsecured and permits the customer
to pay for goods delivered to him in specified number of days.
a. Open book *
b. Bonds
c. Trade acceptance
d. Promissory notes
6. It refers to making commitments of both sides of a transaction so the risks offset each
other.
a. Insurance
b. Hedging *
c. Subcontracting
d. Incorporation