CORRESPONDENT BANK Definition

CORRESPONDENT BANK is a bank having communications and business links with the sellers bank.

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AIR WAYBILL is a bill of lading and contract between the shipper and the airline for delivery of goods to a specified location, and sometimes with specified delivery date/time. Non-negotiable, but serves as receipt from the airline to prove that goods were received.

TRADEMARK is a formally registered symbol identifying the manufacturer or distributor of a product.

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