TRAILER INTERCHANGE AGREEMENT
Contract facilitating the transfer of a trailer to a second trucker in order to deliver the trailer to the final destination or until it can be moved to another trucker. Most common in delivering semi-trailers, the agreement outlines the parties engaged in the transfer of the trailer used in shipping goods, locations at which the trailer will be exchanged, the way of delivering the trailer, and fee charged for the delivery.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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