20231022

//collection, discount, drawee, drawer, finance, forward, payee, protest, promptly, purchase, recourse, remittance, settlement, signature, usance, bills of exchange, cash in advance, clean bill, commercial bills of exchange, D/A, D/P, documentary bill, mail transfer, on demand, open accounts, sight bill

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collection - 托收

Collection refers to the process of gathering funds on behalf of a party. It involves the collection of payments or funds owed by a debtor. It can also refer to the act of gathering and organizing items or objects for display or preservation.

discount - 贴现

Discount refers to a reduction in the original price or value of something. It can also refer to a deduction or allowance given to customers as an incentive or reward. In finance, it refers to the difference between the face value of a bond or bill and its purchase price.

drawee - 受票人

Drawee refers to the person or entity who is obligated to pay a bill or draft. It is the party upon whom a bill of exchange or check is drawn and who is expected to make the payment.

drawer - 出票人

Drawer refers to the person or entity who writes, signs, and issues a bill of exchange or check. It is the party who orders the payment of a certain amount to the payee.

finance - 供给资金

Finance refers to the management of money and the provision of funds for various activities. It involves the study of investments, banking, credit, and other financial instruments. It also refers to the process of raising and managing funds for business operations or personal needs.

forward - 寄送

Forward refers to the act of sending or transmitting something to a designated recipient or destination. It can also refer to the act of advancing or progressing in a particular direction or towards a specific goal.

payee - 受款人

Payee refers to the person or entity who receives payment or funds. It is the party to whom a check, bill, or other financial instrument is made payable.

protest - 出示拒付证书

Protest refers to the act of formally declaring the non-payment or dishonor of a bill of exchange or check. It involves the presentation of a protest certificate as evidence of refusal or non-acceptance.

promptly - 迅速地

Promptly refers to doing something without delay or hesitation. It means to act quickly and efficiently, without wasting time.

purchase - 购买

Purchase refers to the act of buying or acquiring something in exchange for money or other forms of payment. It involves the transfer of ownership or possession of goods or services from the seller to the buyer.

recourse - 追索权

Recourse refers to the right or option to seek compensation or payment from a party in case of non-payment or default. It provides a legal means for the injured party to recover losses or damages.

remittance - 汇款

Remittance refers to the act of sending money or funds to a recipient, typically in another location or country. It involves the transfer of money through various channels, such as banks, money transfer services, or online platforms.

settlement - 清算

Settlement refers to the process of resolving or finalizing a financial transaction or dispute. It involves the payment of debts, the distribution of assets, or the resolution of legal claims. It can also refer to the act of reaching an agreement or compromise.

signature - 签名

Signature refers to a person's name or mark written in a distinctive way as a form of identification or authorization. It is commonly used to validate documents, contracts, or other written agreements.

usance - 票据期限

Usance refers to the period of time allowed for the payment of a bill of exchange or promissory note. It represents the agreed-upon duration during which the debtor is obligated to make the payment.

bills of exchange - 汇票

Bills of exchange are negotiable instruments that represent a written order from one party to another to pay a specific amount of money at a certain date or on demand. It is commonly used in international trade transactions.

cash in advance - 预付现金

Cash in advance refers to the payment of goods or services before they are delivered or provided. It requires the buyer to make full payment upfront, ensuring that the seller receives the funds before fulfilling the order.

clean bill - 光票

Clean bill refers to a bill of exchange or promissory note that does not have any additional conditions or qualifications. It is a simple and straightforward instrument that does not require any further documentation or endorsement.

commercial bills of exchange - 商业汇票

Commercial bills of exchange are negotiable instruments used in commercial transactions. They represent a written order from one party to another to pay a specific amount of money at a certain date or on demand. They are commonly used in international trade to facilitate the payment for goods or services.

D/A - 承兑交单

D/A stands for Documents Against Acceptance. It refers to a payment term in which the buyer agrees to pay for the goods or services upon acceptance of the shipping documents. The buyer becomes obligated to make the payment once they accept the documents.

D/P - 付款交单

D/P stands for Documents Against Payment. It refers to a payment term in which the buyer agrees to make the payment upon receipt of the shipping documents. The buyer needs to make the payment before they can take possession of the goods.

documentary bill - 跟单汇票

Documentary bill refers to a bill of exchange or promissory note that is supported by relevant documents, such as invoices, shipping documents, or insurance policies. It provides additional security and evidence of the underlying transaction.

mail transfer - 信汇

Mail transfer refers to the transfer of funds or payment through the mail. It involves sending a check, money order, or other forms of payment by post to the designated recipient.

on demand - 要求即付的

On demand refers to the immediate payment or settlement of a financial obligation. It means that the payment is required without delay or waiting for a specific date.

open accounts - 记账

Open accounts refer to a type of credit arrangement in which the buyer is allowed to purchase goods or services on credit without immediate payment. The seller keeps a record of the buyer's purchases and invoices them periodically for payment.

sight bill - 即期汇款

Sight bill refers to a bill of exchange or promissory note that is payable immediately upon presentation or sight. It requires the debtor to make the payment as soon as the bill is presented to them.

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collection:

1. The bank handles the collection of payments from customers.
2. We received a notice of collection for the outstanding invoice.
3. The collection of art pieces is displayed in the museum.

discount:

1. The store offers a discount on all items during the sale.
2. With this coupon, you can get a 20% discount on your purchase.
3. The company provides a discount for bulk orders.

drawee:

1. Please make the check payable to the drawee.
2. The drawee refused to accept the bill of exchange.
3. The bank informed us that the drawee has sufficient funds for payment.

drawer:

1. The drawer signed the check and handed it to the payee.
2. As the drawer of the bill, you are responsible for its payment.
3. The drawer requested a stop payment on the check.

finance:

1. The bank provides finance for small businesses.
2. We need to secure finance for our new project.
3. He works in the finance department of a multinational company.

forward:

1. Please forward this email to all team members.
2. The package was forwarded to the correct address.
3. We will forward your request to the appropriate department.

payee:

1. The payee should endorse the check before cashing it.
2. The payee received the payment for the services rendered.
3. Please provide the payee's name and address for the transfer.

protest:

1. The bank issued a protest certificate for the dishonored check.
2. The supplier filed a protest against the non-payment of the invoice.
3. The protest was justified due to the defective goods received.

promptly:

1. Please submit your report promptly by the deadline.
2. The payment was made promptly upon receipt of the invoice.
3. The customer service representative responded promptly to my inquiry.

purchase:

1. I need to purchase a new laptop for work.
2. She made a purchase online and received free shipping.
3. The purchase of the house was finalized after months of negotiation.

recourse:

1. The seller has recourse to legal action for non-payment.
2. The contract includes a clause that provides recourse for breaches.
3. The creditor has recourse to the debtor's assets for repayment.

remittance:

1. Please send the remittance by bank transfer.
2. The remittance for the invoice was received yesterday.
3. He received a remittance from his relatives abroad.

settlement:

1. The parties reached a settlement in the lawsuit.
2. The settlement of the invoice was made through online banking.
3. The insurance company offered a settlement for the accident claim.

signature:

1. Please sign your name in the designated space.
2. The contract requires the signature of both parties.
3. The signature on the document is legally binding.

usance:

1. The bill of exchange has a usance of 30 days.
2. The usance period for the promissory note is 60 days.
3. The usance of the letter of credit is determined by the buyer.

bills of exchange:

1. International trade often involves the use of bills of exchange.
2. The bank handles the negotiation and discounting of bills of exchange.
3. The exporter presented the bills of exchange for payment.

cash in advance:

1. The supplier requires cash in advance for the order.
2. The customer paid cash in advance for the concert tickets.
3. Cash in advance is a common payment term in international trade.

clean bill:

1. The bank issued a clean bill of lading for the shipment.
2. The seller provided a clean bill of health for the product.
3. The buyer requested a clean bill of sale for the vehicle.

commercial bills of exchange:

1. Commercial bills of exchange are widely used in international trade.
2. The company uses commercial bills of exchange to finance its operations.
3. The bank provides services for the negotiation of commercial bills of exchange.

D/A:

1. The transaction was conducted on a D/A basis.
2. The seller agreed to ship the goods on a D/A term.
3. The buyer accepted the documents and confirmed the D/A payment.

D/P:

1. The supplier requested payment on a D/P basis.
2. The buyer chose to pay on a D/P term for the shipment.
3. The bank handled the collection of funds on a D/P basis.

documentary bill:

1. The documentary bill requires the presentation of shipping documents.
2. The buyer requested a documentary bill for the import transaction.
3. The bank provides services for the handling of documentary bills.

mail transfer:

1. Please send the payment by mail transfer.
2. The remittance was made through a mail transfer service.
3. The company prefers payment by mail transfer for international transactions.

on demand:

1. The payment is due on demand.
2. The supplier requires payment on demand for the goods.
3. The bank provides cash on demand services.

open accounts:

1. The company maintains open accounts with its suppliers.
2. They prefer to do business on open accounts rather than cash basis.
3. The customer has a credit limit for purchases on open accounts.

sight bill:

1. The payment was made by sight bill.
2. The seller presented a sight bill for payment.
3. The bank handles the negotiation of sight bills.

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The collection and discount of bills of exchange are common practices in international trade. When a seller draws a bill of exchange on the buyer, the drawee becomes obligated to pay the specified amount to the payee. The drawer, who is the seller, provides finance to the buyer by allowing them to pay at a later date. The bill of exchange is then forwarded to the buyer, who becomes the drawee. Upon receipt, the buyer reviews the bill and may endorse it to the payee. If the buyer fails to make the payment promptly, the payee may protest by issuing a certificate of non-payment. This gives the payee recourse to legal action for the recovery of the debt.

When making a purchase, it is common for buyers and sellers to agree on the terms of payment, such as cash in advance or open accounts. Cash in advance requires the buyer to make the payment before the goods are shipped or services are provided. On the other hand, open accounts allow the buyer to make purchases on credit, with payment due at a later date. Documentary bills are often used in international trade to provide additional security and evidence of the underlying transaction. They require the presentation of relevant documents, such as invoices and shipping documents.

In order to ensure a smooth settlement, it is important for all parties involved to carefully review and verify the documents. The signature of the authorized personnel is required to validate the transaction. The usance of the bill of exchange represents the agreed-upon period for payment. Once the payment is made, the settlement is completed and the transaction is considered finalized.

In conclusion, the use of bills of exchange, cash in advance, open accounts, and documentary bills are essential in facilitating international trade. They provide a means of financing, payment, and security for buyers and sellers. By understanding and utilizing these financial instruments, businesses can effectively manage their international transactions and ensure successful outcomes.