„Order“

What does Order stand for?

1. A request to deliver, sell, receive or purchase goods or services.

2. An instruction, command or direction authoritatively given.

3. A designation of the person to whom a bill of exchange is to be paid, or delivery of goods made, or a bill of lading consigned (A key word which makes a document negotiable.)

4. A rank, class or division of men.

Source:

Baker, Dan. (2004). Legal Aspects of Trade Finance. Cambridge University Press, Cambridge.

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