43. Fill out the blank with suitable words.
( ) terms allows the importer to make payments at some specific date in the future and without the buyer issuing any negotiable instrument evidencing his legal commitment to pay at the appointed time. These terms are most common when the importer/buyer has a strong credit history and is well-known to the seller.
- 1 Open account
- 2 Letter of credit
- 3 Documentary Collection
- 4 Cash on Delivery