The
Definition Of

Air Waybill

Air Waybill  or Air Consignment Note is a document which acknowledges receipt by an air transport company of goods dispatched by air. Normally completed in triplicate with a copy each for the Consignor, Consignee and the Carrier.

An Air Waybill is not a document of title to goods in the same manner as a Bill of Lading.

Share it:

More from this Section

  • National no reciprocity
    National no reciprocity means a state law that allows banks or bank holding companies from any other state in the nation to enter a p
  • Federal Open Market Committee (FOMC)
    Federal Open Market Committee (FOMC) is the committee that makes decisions regarding the conduct of open market operations;
  • Discounting commercial notes
    Discounting commercial notes is the process of making to local merchants who use IOUs received from their customers as collateral to borrow from a bank.
  • Cash management
    Cash management is concerned with the meaning of : (i) Cash flows into and out of the firm. (ii)Cash flows within the firm and (iii)Cash balances held by the firm at a point of time by financing deficit or investing surplus cash.
  • At-the-money (ATM)
    At-the-money (ATM) is a term that describes an option whose exercise price is the same as the same as the spot price of the underlying currency.
  • Vostro Account
    Vostro Account is a bank account held by a foreign correspondent of the local bank with that bank, in the local currency.
  • Loan strip
    Loan strip is the sale of a portion of a large loan for a short period of time, usually for a period less than the loan’s remaining time to maturity.