Sight Draft

Meaning of Sight Draft Sight Draft is a financial instrument that is payable when it is presented, similar to a cheque. It is the most preferred form of payment …

Time Draft

Meaning of Time Draft Time Draft is a document acknowledging a promise to make a payment after a specific period. It is usually used in international trade and provides …

Contract Manufacturing

Meaning of Contract Manufacturing Contract manufacturing is a process in which a company outsources its production to a third party in return for a mutually decided fee or remuneration. …

Toll Manufacturing

Meaning Toll Manufacturing or Toll Processing is a process in which a company provides raw materials or semi-finished goods to a third-party servicing company. The third-party company is responsible …