In the trucking industry, a "hot shot" refers to a type of trucking service that involves the transportation of relatively small, time-sensitive loads using smaller vehicles, typically trucks or vans.…
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In the context of an invoice, the term "reserve" typically refers to a portion of the total amount owed by the buyer that is withheld or set aside for a…
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Proof of delivery (POD) is a documentation or process used in the logistics and transportation industry to confirm that goods have been successfully delivered to the intended recipient or destination.…
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A Factoring Master Agreement is a legal contract between a business (the client) and a factoring company (the factor). Factoring is a financial transaction where a business sells its accounts…
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A variable rate, in finance and economics, refers to an interest rate or pricing structure that fluctuates over time in response to changes in underlying market conditions, benchmark rates, or…
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Trade credit insurance, also known as credit insurance or accounts receivable insurance, is a risk management tool designed to protect businesses against the risk of non-payment or default by their…
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Import finance refers to the financial services and products designed to support businesses involved in importing goods and services from foreign suppliers. Import finance provides funding, risk mitigation, and other…
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