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An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. The bank "accepts" bills of exchange drawn on the bank by the debtor, discounts them and agrees to pay for them when they mature.
Mail sorting systems are now also used by corporations and other mailers to presort mail prior to delivery in order to earn discounts on postage. In the United States, for example, presort discounts can reduce the cost of First-Class Mail from $0.42 to as low as $0.324. [ 1 ]
Historically, verifying the discount offered has been via presenting coupons clipped from newspapers [1] or received in the mail. Some retailers and companies use verification methods such as unique barcodes, coupon ID numbers, holographic seals, and watermarked paper as protection from unauthorized copying or use.
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The off-price network Nordstrom Rack, which sells mostly clothes, footwear, jewelry and cosmetics, operates 240 stores as of 2018. The retailer sells goods by the Nordstrom “mothership” network at a 50-60% discount, and also other brands’ clothes, footwear and accessories with a discount of up to 70%.
Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.
No excuse. Operational and managerial fail during the busiest week of the year. $20,000 vacay with 2-3 hour lines for lifts. At least discount those who bought lift tickets while strike was occurring!
In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales.