Bill of Entry
A written account of goods entered
at customs, whether they are to be imported
or are intended for export.
Bill of Exchange
A term used more often in
international trade to describe a written order
that requires a person to pay another person
a fixed sum on demand or on a fixed date.
Usually has legal status as a negotiable
Bill of Lading
A hauler or carrier’s contract that
may also act as the receipt of goods
transported and delivered to the consignee.
Examples of various bills of lading include
Clean/Clear, Ocean, Order, Short-Form,
Straight, and Through.
Bill of Materials (BOM)
A list specifying the
quantity and the specification, description, or
character of various materials and parts
required to manufacture, produce, or
assemble a certain quantity of a finished
Bill of Sale
A written statement transferring
ownership of something from seller to buyer.
A tag attached to a storage bin on which
a perpetual inventory is recorded.
Specific to Alternative
Dispute Resolution (ADR), binding arbitration
involves the presentation of a dispute to an
impartial or neutral individual or panel for
issuance of a binding decision. The parties
can usually choose their arbitrators. See also:
Capable of decaying through the
action of living organisms.
A type of bond issued to insure an
offeror's performance on two or more
contracts instead of having separate bonds
for each contract.