What is defiantion of cash in advance?

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Posted by:
Shael lee
16-September-2021

Trade Finance Traders

Question added by khaled Elfakih, CMA , Branch Operation Head , Commercial International Bank
Date Posted: 2014/06/20

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1 Answers

by Mukesh Khatri , Manager , Kotak Mahindra Bank Ltd

A remittance made by the buyer prior to the dispatch of goods in cash in advance.

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