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    Business Writing Fogalmak

    Uploaded by

    Fanni
    This document defines key business writing and financial terms used in commercial transactions and communications. It includes definitions for common letter components like signature blocks and enclosures. It also defines financial terms related to pricing like net price, quotations, and loyalty discounts. Several shipping terms are outlined, such as Incoterms like CIF, FOB, and EXW that specify shipping costs and responsibilities. Finally, it defines common financial documents and processes like invoices, bank transfers, statements of account, and letters of credit.

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    © All Rights Reserved
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    Business Writing Fogalmak

    Uploaded by

    Fanni
    32 views3 pages
    This document defines key business writing and financial terms used in commercial transactions and communications. It includes definitions for common letter components like signature blocks and enclosures. It also defines financial terms related to pricing like net price, quotations, and loyalty discounts. Several shipping terms are outlined, such as Incoterms like CIF, FOB, and EXW that specify shipping costs and responsibilities. Finally, it defines common financial documents and processes like invoices, bank transfers, statements of account, and letters of credit.

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    Business writing fogalmak

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    This document defines key business writing and financial terms used in commercial transactions and communications. It includes definitions for common letter components like signature blocks and enclosures. It also defines financial terms related to pricing like net price, quotations, and loyalty discounts. Several shipping terms are outlined, such as Incoterms like CIF, FOB, and EXW that specify shipping costs and responsibilities. Finally, it defines common financial documents and processes like invoices, bank transfers, statements of account, and letters of credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    32 views3 pages

    Business Writing Fogalmak

    Uploaded by

    Fanni
    This document defines key business writing and financial terms used in commercial transactions and communications. It includes definitions for common letter components like signature blocks and enclosures. It also defines financial terms related to pricing like net price, quotations, and loyalty discounts. Several shipping terms are outlined, such as Incoterms like CIF, FOB, and EXW that specify shipping costs and responsibilities. Finally, it defines common financial documents and processes like invoices, bank transfers, statements of account, and letters of credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Business Writing 1: Definitions

    carbon copy – exactly the same copy


    blocked style – style of writing in which each line starts directly below the one above
    signature block – name and job title typed below a signature
    reference – figures and / or letters written at the top of a letter to identify it
    enclosure – document enclosed with a letter
    private and confidential – phrase written on a letter intended only to be read by the addressee
    job title – the name of someone’s job, e.g. Sales Manager, Chief Buyer
    yours sincerely – complimentary close used at the end of a letter when the addressee’s name
    is known
    attachment – separate document attached to an email message
    incoterm – internationally used term which indicates which price is being quoted to the
    customer
    net price – price which does not include additional costs such as transport and insurance
    carnage forward – condition of sale when the customer pays for the transport of the goods
    quotation – price for work to be done or a service to be provided
    under separate cover – in a separate envelope or parcel
    gross price – price which includes additional costs such as transport and insurance
    loyalty discount - amount taken off the usual price of goods when they are sold to a regular
    customer
    Incoterms:
    DDU (delivery duty unpaid) – the seller pays all delivery costs, except for import duty, to a
    named destination
    CFR (cost and freight) – the seller pays all delivery costs to a named destination, except for
    insurance
    CIF (cost, insurance, and freight) - the seller pays all delivery costs to a named destination
    EXW (ex-works) – the buyer pays all delivery costs once the goods have left the seller’s
    factory or warehouse
    FAS (free alongside ship) – the seller pays all delivery costs to the port
    FOB (free on board) – the seller pays all delivery costs to when the goods are on the ship
    compliments slip – small piece of paper with the company’s details on it
    invoice – list of goods or services that states how much must be paid for them
    forwarding agent – person or organization that conveys goods to their destination
    settlement – payment of an account
    air waybill – document that gives information about goods sent by air
    ship – to send goods by road, rail, air, or sea
    covering letter – letter accompanying a document or goods, explaining the contents
    advice note – document informing a customer that a consignment is on its way to them
    catalogue – publication giving details of goods or services offered by a company
    estimate – written estimate, usually for a large job such as building a factory
    tender – price given for work to be done
    customer – person who buys goods or services from a shop or company
    wholesaler – person or company that buys goods from manufacturers and sells them to
    retailers
    showroom – place where a company demonstrates its products
    subsidiary – company that is partly owned by a larger one
    prospectus – publication giving details about a school or college
    sales or return – term used when a supplier agrees to buy back unsold goods
    quantity discount – money taken off the usual selling price of goods when the buyer is
    purchasing a large amount
    current account – account into which a customer can pay money, or draw it out, without
    giving notice
    sight draft – bill of exchange that must be paid immediately it is presented
    balance – difference between the totals of money coming into and going out of a bank account
    bank transfer – movement of money from one bank account to another
    documentary credit – document informing a customer of money owed
    due date – date by which an account should be settled
    protest – take legal action to obtain payment
    remittance – payment
    statement of account – list of amounts paid and owed
    debit note – letter of credit that requires the seller to supply shipping documents to the bank to
    obtain payment

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