Bill Of Lading

American Heritage Dictionary:

n., pl., bills of lading. (Abbr. B/L) A document issued by a carrier to a shipper, listing and acknowledging receipt of goods for transport and specifying terms of delivery. Commerce and Trade - ad valorem tax: tax levied on certain goods as percentage of their value Types of Taxes - ad valorem tax: tax applied to value of what is being taxed, esp. imports

Barron's Business Dictionary:

bill of lading

In commercial law, the receipt a common carrier gives to a shipper for goods given to the carrier for transportation. The bill evidences the contract between the shipper and the carrier, and can also serve as a document of title , creating in the person possessing the bill ownership of the goods shipped. See also order bill of lading ; straight bill of lading .

Investopedia Financial Dictionary:

Bill Of Lading

A legal document between the shipper of a particular good and the carrier detailing the type, quantity and destination of the good being carried. The bill of lading also serves as a receipt of shipment when the good is delivered to the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper and receiver. Investopedia Says: For example, suppose that a logistics company must transport gasoline from a plant in Texas to a gas station in Arizona via heavy truck. A plant representative and the driver would sign the bill of lading after the gas is loaded onto the truck. Once the gasoline is delivered to the gas station in Arizona, the truck driver must have the clerk at the station sign the document as well. Related Links: A company's efficiency, financial strength and cash-flow health show in its management of working capital. Working Capital Works We go over these methods of calculating this component of the balance sheet, and how the choice affects the bottom line. Inventory Valuation For Investors: FIFO And LIFO
Random House Word Menu:

categories related to 'bill of lading'

For a list of words related to bill of lading, see:

Commerce and Trade - bill of lading: document issued to shipper by carrier describing goods shipped and terms of carriage

Word Menu categories:

Commerce and Trade

Ad valorem tax - tax levied on certain goods as percentage of their value Army-navy store - retail store that sells surplus military apparel and supplies at discount prices Asking price - amount initially sought for goods or services Auction - public sale at which items are sold one by one to highest bidder

Automat - restaurant with food in small compartments opened by inserting coins Bait and switch - scam in which inexpensive merchandise is advertised but customer is then pressured to buy more expensive items Bar code - set of vertical bars printed on consumer product with coded information to be read by computerized scanner Bargain - something sold at price favorable to buyer; (vb) negotiate terms of sale to ones advantage Bargain basement - basement floor of department store, where goods are sold at reduced prices Barter - (vb) exchange commodities, goods, or services without use of money Bazaar - shop selling various goods; outdoor market or street of stalls, esp. In Middle East; sale of miscellaneous articles to benefit a charity Bid price - amount initially offered in payment for goods Bill - itemized statement of charges for goods or services; check; tab Bill of lading - document issued to shipper by carrier describing goods shipped and terms of carriage Bill of sale - written certification of transfer of ownership Black market - illegal trade to avoid government regulation or taxation Blister pack - display package in which clear plastic seals product against cardboard sheet Blue law - law forbidding business transactions on Sunday Board of trade - association of business people Bodega - Spanish. Grocery store, usu. Small neighborhood shop Boiler room - Slang. Place where illicit brokers engage in high-pressure selling by telephone, esp. Of securities Booth - enclosed stall for display and sale of goods, esp. At outdoor market or fair Boycott - organized effort to deter customers from patronizing a business or industry Brand name - identifiable product label, esp. Of a widely advertised and distributed item Buyers market - market in which supply is plentiful and prices are favorable to consumers Buyers remorse - regret or anxiety experienced immediately after making a purchase Cabotage - trade in coastal waters or air space between two points within one country Callback - recall of defective product by manufacturer Carriage trade - wealthy patrons or elite clientele Cartage - act or cost of delivering goods, esp. By truck Case goods - products shipped and sold in multiple units in cardboard box Case sale - sale of cased goods in large quantities at reduced prices Cash-and-carry - (adj) sold for cash payment with no delivery included

Cash down - portion of total cost paid to hold goods or as first installment on credit sale Cash on delivery - COD; payment due when shipped goods are received Cash register - business machine with money drawer and tapes that display and tabulate amount of each sale Catalog - published booklet containing list of items for sale and prices, often with pictures Catalog sales - distribution of merchandise by mail with orders placed from catalogs Caveat emptor - Latin. Lit. Let the buyer beware; principle that one buys at ones own risk Chaffer - (vb) bargain; haggle over price Chain - business with many retail locations Chain store - individual outlet of retail chain Chamber of commerce - organization of business people promoting economic development in particular area Charge account - credit account in which merchant allows customer to pay for purchases over time Charm price - price set just below even dollar amount, such as $9.99 Check - itemized statement of charges for goods or services; bill; tab CIF - cost, insurance, andfreight; sellers designation that quoted price includes packing, shipping, and insurance charges Classified ads - compact advertisements in newspaper columns arranged by subject Clearance - sale to get rid of old goods and make room for new ones Clientele - all of ones customers Closeout - sale to dispose of all goods, esp. When ending business venture COD - cash ondelivery Cold call - telephone sales call to stranger who is unfamiliar with product or service Come-on - Slang. Incentive to buy Come to terms - settle on price Commerce - organized exchange of commodities on large scale, usu. Involving transport from place to place; trade Commissary - food and supply store, esp. In army camp Commission - percentage of sales price paid to broker by owner of merchandise sold Commodity - good traded in marketplace, esp. One that is transportable Common carrier - company in business of transporting goods at uniform rates Comp - Informal. Free service or good, esp. Admission ticket to event; (adj) complimentary Company store - retail outlet operated by company for convenience of its employees, who often must shop there

Comparison shopping - collecting information on prices and quality of similar products from different outlets Competitive pricing - practice, esp. By large companies, of setting prices slightly higher than competition while offering other advantages, usu. On brand name products Concession - right granted to engage in activity for profit on grantors premises Concessionaire - person exercising a concession Consignment - shipment of items to be sold; sale of personal items through a merchant on commission Consumer - individual or group purchasing goods or services in marketplace Consumer goods - products made for and sold directly to individuals to be used as sold Consumerism - movement to educate consumers to obtain better, safer products from manufacturers Contraband - unlawful or prohibited goods; trade in such goods Convenience store - store open very long hours, carrying limited selection of goods, usu. At inflated prices Co-op - cooperative store owned by and operated for benefit of members Corner the market - attain a monopoly or predominant share of sales of a particular commodity Cost - amount paid for goods or services, esp. Wholesale price paid by retailers Counter - long table in store for display of goods Coupon - certificate or ticket entitling holder to reduced purchase price or redemption for cash Cover charge - cost of admission to bar or club Cover the territory - solicit orders from all potential customers in one area Cross sell - (vb) attract customer by offering one product or service while selling another Curb service - service for customers who remain in their cars, esp. At drive-in restaurant Customer - person who buys, esp. Regularly at same place Customs - government duty on imported goods Cut-rate - (adj) at reduced price Deal - bargain, favorable price; (vb) trade, do business; bargain so as to reach favorable price Dealer - buyer and seller of goods; franchise holder Department store - large retail store with departments selling many kinds of goods Dicker - (vb) haggle over price Discount - price below standard retail or list price Discount house - store that sells merchandise at less than standard price Door-to-door - (adj) selling by calling at each house or apartment in an area; shipped directly from point of pickup to point of delivery

Drive-in - service establishment in which customers remain in cars Dry goods - cloth or clothing products Dumping - below-cost sale of goods, esp. To kill competition Durable goods - consumer items with long-term market life, esp. Cars or furniture; hard goods Ego goods - expensive luxury items Emporium - marketplace, trading center; large store selling variety of products Exchange - place of trade; barter, trade; (vb) return one purchased item and replace it with another Excise tax - tax on manufacture, sale, or consumption of goods and services Expense - any of various costs of operating a business Export - product sold outside country of origin; (vb) sell goods outside ones own country Factory outlet - warehouse serving as point of sale for discount goods Fair - gathering for exchange and sale of goods among individuals Fair market value - price something can be expected to bring on open market at given time Fire sale - sale of commodities actually or supposedly damaged in fire at greatly reduced prices Five-and-dime - low-priced general merchandise store Flagship - central or largest store in chain Flea market - usu. Outdoor market with numerous stalls selling used or handmade new articles Flood the market - greatly increase available supply of some good to force price down Fly-by-night - Slang. Unreliable business FOB - free on board; assumption of responsibility by shipper for all costs until goods are placed on carrier Franchise - contract or license permitting regional distributor to use name and sell products of another company or manufacturer Free - (adj) available at no cost Freebie - Informal. Something available at no cost Frequency marketing - rewarding consumer loyalty by offering an incentive or discount for frequent use of product or service Full-service - (adj) offering broad range of services in one basic line of business Functional goods - utilitarian articles such as tools or clothing Futures - purchases or sales of commodities at speculative prices for future delivery or receipt Garage sale - sale of used household and personal articles held at sellers home, usu. In yard or garage General store - usu. Small store selling different kinds of goods

Generic product - lower-priced version of brand name product with plain label indicating kind of product only Give-and-take - exchange on an even basis Giveaway - product offered for free, usu. To attract potential customers for other goods Glut - large oversupply of goods Good buy - product whose value equals or surpasses its price Gouge - (vb) grossly overcharge Gratis - (adj) at no cost, free Gray market - discount market that operates somewhere between legitimacy and the black market Guarantee - sellers assurance that product is as represented and will be repaired or replaced if defective Haggle - (vb) argue over price Half-price - (adj) reduced to half of original price Handout - Informal. Something given at no cost Hard goods - durable goods Hard sell - high-pressure salesmanship Hawk - (vb) sell goods in public, esp. By shouting advertisements Hedonic goods - pleasure-oriented consumer items such as art, musical recordings, or toys High-pressure - (adj) pertaining to sales effort involving insistent arguments, forceful persuasion, or refusal to take no for an answer Import - product bought from another country; (vb) buy products made in other countries Impulse buying - sudden purchase of goods without prior intent, usu. Stimulated by display or advertising Installment purchase - purchase made on credit and paid off in series of payments over time In stock - (adj) available for sale at the present time Interstate commerce - trade among and between states, regulated by federal government Inventory - all items of merchandise in stock at given time Invoice - itemized list of goods or services to be paid for IOU - informal written memorandum of indebtedness Job lot - random assortment of goods for sale as one unit Juice - Slang. Exorbitant interest or commission Keystone - (vb) price goods at twice their cost as standard practice Kiosk - small structure open on one side for street sales Lading - load of freight, shipment of goods License - legal right to use or sell anothers patented or copyrighted material Line - stock of goods of particular type carried by store Liquidation - disposal of all remaining merchandise at reduced prices List price - official retail price; nondiscounted price Loss leader - popular item sold at a loss or negligible profit to attract customers to retail outlet

Low-pressure - (adj) pertaining to sales effort involving subtle persuasion and soft-spoken arguments Low-price - (adj) available at little cost Mail order - technique of selling items and taking orders through the mail Mall - large, usu. Completely enclosed shopping complex comprised of many different shops and restaurants Manufacturing - production of commodities Markdown - reduction in price to promote sales Market - place where people gather to sell and trade goods; store or shop for sale of provisions; (vb) offer for sale Marketable - (adj) fit for sale Marketing - activities involved in moving goods and services from producer to consumer: market research, advertising, promotion, distribution, and sales Marketplace - world of trade and business; site where goods are offered for sale Market research - collection and analysis of information to determine goods and services preferred by certain groups Markup - amount added to cost by retailer to set price for customer Mart - market, trading center Merchandise - consumer goods for sale Merchandising - advertising, display, promotion, and direct selling methods Mom-and-pop - (adj) designating small, family-owned business, usu. Retail Moneys worth - good value obtained for cost Monopsony - existence of only one buyer for goods or services Nominal price - stated price when bargaining or reduction is possible Nondurable goods - items that will be consumed in a relatively short time, such as clothing or food Nonrefundable - (adj) final and not subject to return or refund Notions - small, useful items sold in store, esp. For sewing OEM - outside equipmentmanufacturer; company that exploits or develops another companys product as part of its own Oligopsony - existence of only a few consumers for a product On the block - for sale On the house - offered gratis or free, with compliments of selling establishment On time - (adj) purchased on credit with payments to be made over fixed period of time Outbid - (vb) offer better price than others seeking to purchase the same item Outlet - store selling goods for specific manufacturer or distributor Outlet store - retailer selling defective, damaged, or surplus goods at reduced price Overcharge - (vb) set price higher than value of goods; charge more than stated price

Overprice - (vb) set price too high to sell Package store - retail store selling alcoholic beverages for consumption off premises Packaging - container or wrapping in which product is sold; design of such wrapping, often intended to attract customers Packing slip - form listing items included in shipment Patent - right granted by government that prevents others from using idea or invention or making same product as originator for seventeen years Patron - person who is customer or client, esp. Regular one, of store or other establishment Patronage - clientele; business or trade Patronize - (vb) be a regular customer Peddle - (vb) sell, esp. Travel about selling small items Penetration pricing - pricing of new product at low level to lure customers away from established product Pennyworth - bargain, value for price paid Peril point - lowest possible import duty short of damaging domestic industry Pitch - salespersons discourse intended to persuade customers to buy Planned obsolescence - design of consumer goods for limited use, necessitating frequent replacement or repair Plaza - public marketplace in town Point-of-purchase - (adj) relating to place where sales are made or purchases paid for Popular prices - pricing designed to attract general sales Premium - something offered free or at low price as inducement to buy something else Price - quantity of money demanded in exchange for goods or services Price-cutting - selling an article at a price reduced from prior or advertised level Price discrimination - selling of same product to two different buyers at different prices Price fixing - setting of prices by government or among competing businesses contrary to free market dictates Price tag - label attached to commodity indicating its price Price war - business competitors repeated lowering of prices Product differentiation - any of various devices that enable consumers to distinguish one firms product from others in the same industry Product manager - person who oversees all aspects of marketing of specific product Profit - amount of sales revenues left for business after paying cost, overhead, taxes, and operating expenses Profit margin - excess of income over expenses and costs

Promotion - something devised to advance a product or service in order to persuade consumers to buy or use it Prospect - potential customer Protectionism - policy of strict trade regulations to support domestic industry Purchase - anything obtained by buying; act of buying; (vb) obtain by paying price Purchase order - itemization of items being bought Purchase price - amount paid for commodity Quality control - maintenance of standards in production by checking product at stages during manufacture Quota - fixed limit, esp. Government limit on imports and exports Racket - easy, profitable source of income, often illegal Rebate - discount made by refunding percentage of purchase price Recall - removal of defective product from market for correction Receipt - written acknowledgment that payment has been received Reduced - (adj) at less than original price Refund - return of money previously paid for commodity Repo - Informal. Repossession Repossession - taking back of commodity from buyer who has failed to make payments when due Retail - sale of goods directly to consumers Retailer - business or individual that offers retail sales directly to consumers Rock bottom - at the lowest possible price Rollback - action that returns prices to earlier, lower level, as by government order Rummage sale - sale of contributed items, used or new, to raise money, esp. For charitable organization Sale - exchange of goods or services for agreed sum of money; special offering of goods at reduced prices Sales force - employees engaged in selling Salesman - person engaged in selling, esp. Male; salesperson Salesmanship - ability, skill, or technique of selling Salesperson - person engaged in selling; salesman Sales slip - receipt or form listing details of sale Sales tax - tax levied by city or state on retail sales of merchandise Self-service - practice of serving oneself without assistance of salesperson Sellers market - market in which demand exceeds supply, with prices rising Selling - act, practice, or technique of making sales Sell short - (vb) underestimate value in setting price

Service center - authorized establishment for repair and purchase of replacement parts, esp. For cars and appliances Service charge - amount added to price of goods to pay for service Service mark - trademark applied to service offered, designated SM Shop - usu. Small outlet for retail sales; (vb) purchase goods Shop around - (vb) search for bargains or special items in several places Shopping - visiting one or more stores to look at, price, and buy items Shopping center - outdoor complex of stores, restaurants, and movie theaters usu. Grouped around common parking lot Shopping spree - outing during which multiple purchases are made Shortage - condition in which demand for goods exceeds available supply Showroom - place where merchandise is displayed for sale Show window - large store window in which merchandise is displayed Shrink wrap - clear, flexible, plastic film that shrinks when exposed to heat, used to wrap and seal products Slash - (vb) drastically reduce prices Smuggling - importing of prohibited or outlawed goods Soft goods - items lasting a relatively short time, esp. Clothing Soft sell - low-pressure sales technique Stall - booth, table, or counter in market Staple - chief commodity of region; item regularly stocked due to constant demand Steal - Informal. Product obtained at very low price, often less than its value Steep - (adj) expensively priced Stock - finished goods on hand or in storage and available for sale Stock in trade - resources, abilities, or goods on hand required for carrying on specific business Store - retail outlet selling consumer goods, such as chain, convenience, department, discount, specialty, or surplus store Storefront - ground-level room with display windows, usu. Used as retail store Storewide - (adj) throughout all departments of store, used esp. Of a sale Sublicensing - granting of licenses to other companies to exploit, develop, or market ones product Supermarket - large, self-service retail food store, often part of a chain Surcharge - additional amount added to price Surplus store - retail outlet selling extra or leftover goods at discount prices Swap - (vb) barter, exchange Swap meet - flea market, esp. One based on barter system Tab - Informal. Price, total cost; bill; check

Territory - area in which traveling salesman solicits orders Test marketing - offering new product for limited time in small area to assess national sales potential Thrift shop - retail store selling used items at low prices, often to support charitable organization Ticket - slip of paper serving as evidence that holder has paid fare or admission and is entitled to some service Tickler file - special file used to remind salesperson of customers requiring attention at certain dates in future Tie-in - sale at which two or more items, only one of which is in demand, must be bought together as a unit Till - money drawer at shop counter Trade - commerce; exchange of goods for money Trademark - symbol, design, or name used to distinguish product from its competitors, designated tm Trader - person who engages in commerce or sells goods Trade show - convention at which related companies in single industry show and compare new products and ideas Trading post - store in remote region or settlement Trading stamp - stamp given as premium by retailer, having specific value when redeemed for articles Traffic - exchange of goods Transaction - business deal; sale or exchange of items Transfer - ticket entitling bearer to change from one public vehicle to another at no additional charge Traveling salesman - business representative soliciting orders in assigned territory Truck - (vb) exchange or barter Twofer - Informal. Card or ticket entitling bearer to two items for price of one Underbid - (vb) offer less than competition for commodity Undercharge - (vb) ask less than normal or accepted price Undersell - (vb) set price for a product that is lower that ones competition Unit pricing - standard measurement for pricing different brands of same product Universal Product Code - UPC; computer code of bars and numerals printed on merchandise to identify it and confirm price Unload - (vb) sell off unwanted merchandise, usu. At reduced price or in large quantities UPC universal product Code Upset price - minimum permissible bid at auction Used property - commodity resold after period of use Variety store - retail outlet selling many different commodities, esp. Small, nondurable goods Vend - (vb) sell

Vending machine - coin-operated machine selling merchandise, esp. Candy or cigarettes Vendor - one who sells Vendue - public auction Voucher - written document showing expenditure or receipt of money Warehouse - building where merchandise is stored before shipment to retailers Wares - commodities Warranty - guarantee on product for limited time after purchase Waybill - list of goods sent by common carrier with shipping directions Wholesale - sale of goods in large quantity to retail businesses at cost substantially below retail price Wholesaler - business or person purchasing goods from producers for resale to other businesses Will-call - department in a store where merchandise is held for payment and pickup by customer Window shopping - looking at merchandise without purchasing Yard sale - garage sale held outdoors, esp. In yard