ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BILLS PURCHASED Definition
BILLS PURCHASED, in trade finance, allows a seller to obtain financing and receive immediate funds in exchange for a sales document not drawn under a letter of credit. The bank will send the sales documents to the buyers bank on behalf of the seller.
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EURO is a currency of selected European Union countries.
G&A usually refers to the indirect overhead costs contained within the General and Administrative expense / cost categories See also SG&A.
