Negotiable bill of lading

Definition:

Contract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Noninsured plans

Defined benefit pension plans that are not guaranteed by life insurance products. Related: Insured plans.

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