Business Letters Index
Commercial Terms starting with I.
Imports : commodities or services brought from foreign countries.Impost : A tax, particularly used to describe import duties.
Indemnity : Security for damage or loss.
Indorsee : One to whom an instrument is transferred by endorsement.
Inland Bill : A bill of exchange drawn and payable within the country.
Insolvent : One who cannot pay debts.
Interest : It is an amount paid on a loan for deposit. It is usually calculated at a certain rate percent per annum.
Simple Interest : This is paid only on the sum lent.
Compound Interest : This is paid on the sum lent plus simple interest till the time of payment.
Interest Bond : A bond issued in payment of interest on other bonds because of a shortage of cash to pay the interest.
Interim Bond : A temporary certificate, which is replaced by a permanent bond at a later date.
Invoice : A business form showing the items shipped and charged therefore sent by the seller at the time of shipment.
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