DISPATCH Definition

DISPATCH, in shipping, is the amount paid by a vessels operator to a charterer if loading or unloading is completed in less time than stipulated in the charter party.

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ALLONGE is a piece of paper attached to a negotiable instrument to allow space for writing endorsements.

REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

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