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invisible trade
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invoice discounting
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Also available:
World English Dictionary
Dictionnaire Français
invoice discounting
in·voice dis·count·ing
noun
Definition:
business
selling of invoices at discount:
the selling of invoices to a third party at a percentage of their face value to obtain immediate funds
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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