goods in transit
Definition
Goods that have departed from the dispatch, loading, or shipping point but have not yet arrived at the receipt, offloading, or delivery point. Also called in transit inventory or stock in transit.
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goods in transit is in the Accounting & Auditing, Banking, Commerce & Finance, Distribution & Logistics, Purchasing & Procurement and Shipping, Transport, & Travel subjects.
goods in transit appears in the definitions of the following terms: intermediary cost, stoppage in transitu, line of credit and certificate of insurance (COI)
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