Meaning of collection
Collection
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International trade
Glossary of international trade terms
Meaning and definition of collection :
An exporter draws a bill of exchange on a customer abroad and gives the bill to his/her bank to collect funds. The importer must be willing to pay. The bank charges a fee to collect payment, but is not liable should the importer refuse to release the funds.
For the term collection may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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Glossary of international trade terms
Collection
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