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Related Definitions
Open account transaction Open account transaction— sale in which the exporter ships the merchandise and expects the buyer to remit payment according to agreed-upon terms.
O_A. "Open account" O_A. "Open account." Arrangement in which the importer (for other buyer) pays for the goods only after the goods are received and inspected. The importer ...
Open Account Open Account is a method of settling payments for trade transactions. The supplier ships the required goods to the buyer who, after
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