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Invoice Price |
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Invoice price The price that the buyer of a futures contract must pay the seller when a Treasury bond is delivered. Invoice Price 1. In Treasury futures contracts, the amount the buyer must pay the seller when the Treasury note is delivered. This is calculated as the settlement price of the future, plus interest that has accrued. 2. In international trade, the price against which an ad valorem tariff is levied. The tariff is calculated as a percentage of the price listed on an invoice. 3. In the automotive industry, the price a manufacturer charges a dealer before any applicable discounts or rebates. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Always negotiate up from the factory invoice price, not down from the sticker price, which is a higher price than the dealer expects you to pay. Thus, the court concluded that a reseller using the dollar-value LIFO method must determine current-year cost by reference to actual invoice prices, not replacement cost. It's a far more appropriate practice than the latest purchasing trend, in which some buyers are taking the 5% reduction off the invoice price themselves before submitting payment--often without so much as a phone call. |
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