"Outline Financing in foreign trade" have content includes payment terms in foreign trade, documents used in foreign trade, financing techniques. | OUTLINE FINANCING IN FOREIGN TRADE Group 19 1. Payment Terms in Foreign Trade Cash in advance Letter of Credit (LC) Bill of Exchange Open Account 2. Documents used in Foreign Trade 3. Financing Techniques Vocabulary Word Pronunciation English meaning Vietnamese meaning Example substitute / to use something or someone instead of another thing or person thay thế Computers can't substitute for human interaction. beneficiary / a person or group who receives money, advantages, etc. người hưởng lợi Her wife was the chief beneficiary of her will. appropriate / suitable or right for a particular situation thích hợp Please complete the appropriate parts of this form commitment / a willingness to give your time and energy to something that you believe in, or a promise or firm decision to do something cam kết I'd like to thank the staff for having shown such commitment. irrevocable / impossible to change không thể huỷ ngang an irrevocable decision discrepancy / a difference between two things that should be the same sự khác biệt The committee is reportedly unhappy about the discrepancy in numbers. dishonor /dɪsˈɑn·ər/ not make a payment không thanh toán Factoring / a situation in which a company buys the right to collect payments and debts owed to another company and charges for doing this bao thanh toán You can decrease the burden of unpaid debts by selling those debts to a factoring service. Forfaiting /ˈfɔːfɪtɪŋ/ a situation in which a financial organization buys a debt owed to an exporter for goods delivered to an importer. The importer must then pay the financial organization instead of the exporter. Bank relations team focuses on risk analysis, global trade services (clearing) and forfaiting deduct /dɪˈdʌkt/ to take away an amount or part from a total Khấu trừ The player had points deducted (from his score) for arguing with the referee. relinquish / to unwillingly stop holding or keeping something từ bỏ She relinquished her hold/grip on the steering wheel render / to cause someone or something to be in a particular state: kết xuất His rudeness rendered me speechless. immense /ɪˈmens/ extremely large in size or degree bao la hey spent an immense amount of time getting the engine into perfect condition.
