International Trade Meaning and Definition of Advance Payment

Advance Payment is a Trading method in which the buyer pays for the goods before they are sent out , method is used when buyer is of unknown credit worthiness. It is applicable in International or domestic trade.

Browse or run a search for Advance Payment in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Advance Payment in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Advance Payment in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Advance Payment in the Legal Abbreviations and Acronyms Dictionary.

What does Adventure mean in American Law?

The definition of Adventure in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A somewhat archaic term for what today one would call a venture, i.e., an undertaking with an element of risk. As used, the term did not, as it does today, necessarily connote something romantic (though romance was not excluded). Thus, “stockholders” in Elizabethan trading companies were called “adventurers,” but so were those who did the actual exploring and colonizing. “Adventure” survives today in the language of marine insurance where a “marine adventure,” i.e., a voyage, might be the insured event. See also gross adventure; joint venture.

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