Cash in Advance
From Open Risk Manual
Revision as of 13:47, 13 February 2020 by Wiki admin (talk | contribs)
Definition
Cash in Advance. It is a type of sale in which the full amount of the purchase price of an order must be paid up front.
It is not a standard procedure in the trading industry. It is not advised that any buyer pays upfront for products that have not yet been shipped or accepted. e-Commerce has changed substantially this statement.
