A(n) _____ is a payment form where a shipment is held by the importer until the merchandise has been sold, at which time payment is made to the exporter.
A)cash with order
B)confirmed irrevocable letter of credit
C)sight draft
D)time draft
E)consignment

Question

Quizplus · Accepted Answer

A consignment is a payment arrangement where goods are sent to the importer who holds onto them until they are sold, at which point payment is made to the exporter. This allows the importer to pay for the goods only after they have been sold, reducing upfront costs and risks.

A(n) _____ Is a Payment Form Where a Shipment Is