FOB DESTINATION Definition

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FOB DESTINATION is where the seller retains title and control of goods until they are delivered and the contract of carriage has been completed. The seller selects the carrier and is responsible for the risk of transportation.

Learn new Accounting Terms

UNIT-OF-DELIVERY METHOD see UNIT-OF-WORK-PERFORMED METHOD.

CERTIFICATE OF OBLIGATION is a bond issued by a city, without voter approval.

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