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Invoice |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.40 sec. |
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An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. It is signed by the consul of the nation to which the merchandise is shipped. Such an invoice facilitates the entry through the destination country, since the quality and value of the shipment are verified prior to its arrival. INVOICE, commerce. An account of goods or merchandise sent by merchants to their correspondents at home or abroad, in which the marks of each package, with other particulars, are set forth. Marsh. Ins. 408; Dane's Ab. Index, h. t. An invoice ought to contain a detailed statement, which should indicate the nature, quantity, quality, and price of the things sold, deposited, &c. 1 Pardess. Dr. Com. n. 248. Vide Bill of Lading; and 2 Wash. C. C. R. 113; Id. 155. 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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| In fiscal year 2001, the Department of Defense (DoD) paid $36 million in interest penalties to its vendors, making a clear case for an improved invoicing process with higher data efficiency. With netting, EIPP becomes a powerful global liquidity management tool that streamlines intercompany invoicing and enables large multinationals to overcome the vagaries of local payment infrastructures and practices when billing geographically dispersed customers. In both cases, an obvious link existed between invoicing and the sustainable existence of the enterprise. |
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