a bill of exchange (draft) issued with the condition that the drawee is obliged to pay a certain percentage from the date of execution of the document until the date of final settlement on it. For many years, the percentage clause has been applied mainly in connection with export deliveries to Asian and African countries, as a result of which it is also. known as the "colonial clause".
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19°
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23:01
Tuesday
11 june
City
Moscow
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