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.


Commercial Terms beginning with...


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