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….
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…
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….
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…
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…
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…
