外贸英语术语解释(英文版) - 副本.docVIP

Absolute Advantage An advantage of one nation or area over another in the costs of producing an item in terms of used resources. Acceptance Letter Of Credit A letter of credit which instead of agreeing to pay the beneficiary immediately upon presentation of documents, requires presentation of a time draft drawn by the beneficiary upon the issuing bank or another bank. However, the beneficiary may, in effect, obtain prompt payment by discounting the draft. Assignment of Proceeds of a Letter Of Credit If the bank agrees, the beneficiary assigns all or part of the proceeds to be paid to anothe