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Authority to Purchase |
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Authority to Purchase In international commerce, notification given to a seller stating that an importer (instead of the importer's bank) will accept a bill of exchange from the seller within a certain period of time to pay for a good. Authority to purchase documents are used in East Asian countries, most notably in Japan. See also: Authority to pay. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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