ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FREIGHT OUT Definition
FREIGHT OUT is the handling, packaging, and shipping costs of product; normally considered a selling cost.
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PLACEMENT is bank depositing Eurodollars with (selling Eurodollars to) another bank is said to be making a placement.
AVAL is a term meaning inseparable from the financial instrument. This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge. US Banks are prohibited from avalizing drafts.