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advance payment | Exportain

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advance payment

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Navy title card: TT (Telegraphic Transfer), with an order-to-arrival timeline marking an advance and possible balance points

GlossaryDefinition

TT (Telegraphic Transfer)

TT is the plain bank transfer behind many supplier payment terms. The transfer itself is simple. The risk depends on when you send it.

By Nourin Tabassum17 September 20263 min read