BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

Solutions

Chapter
Section
BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What is a letter of credit? A bill of lading? A draft?

Summary Introduction

To determine: The meaning of letter of credit, bill of lading and a draft.

Introduction: International business is also called as worldwide business which incorporates every single business action that happen to endorse the exchange of products, services, assets, individuals, thoughts, and advances crosswise over national limits.

Explanation

Letter of credit: It is issued by a bank on demand of a shipper expressing that the bank will pay a measure of cash to an expressed recipient.

Bill of lading: It is a record issued by a transport bearer to an ...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Should an economic model describe reality exactly?

Essentials of Economics (MindTap Course List)

Define net exports and net capital outflow. Explain how they are related.

Brief Principles of Macroeconomics (MindTap Course List)

Name some users of accounting information.

Corporate Financial Accounting

FINANCIAL LEVERAGE EFFECTS The Neal Company wants to estimate next year's return on equity (ROE) under differen...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)