Sellers can use these services provided by banks in order to exchange payments. A time draft, or promissory note can be required indicating that the recipient will pay once the seller has shipped the item. The seller will provide proof of shipping prior to receiving payment. A similar transaction structure can also apply with international trade. In that circumstance, the country that is importing the goods will be responsible for facilitating the transaction while the important country must provide the appropriate proof of shipment.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser