Trading TermsSight a bill Curve-Fitting Feedforward Computation Offered (selling) rate Consolidation Floor Traders
Open account
Trade transactions often involve a method of payment called open account. This is when a supplier sends goods to a buyer and the buyer credits the supplier's account with the invoice amount after verifying the shipping documents. The account is then settled at regular intervals, typically monthly, with the buyer sending a bank draft or arranging a remittance through their bank in favor of the exporter. This allows for more flexibility and trust in business relationships.
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Understand the meaning and definition of Sight a bill in the context of stock market, trading, and investments.
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