invoice
Definition
Non-negotiable commercial instrument issued by a seller to a buyer. Also called a bill of sale or contract of sale, it identifies the both trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts (if any), and delivery and payment terms. In certain cases (especially when it is signed by the seller or seller's agent), it serves as a demand for payment and becomes a document of title when paid in full. Types of invoice include commercial invoice, consular invoice, customs invoice, and pro forma invoice.
invoice is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
invoice appears in the definitions of the following terms:
pro forma invoice,
payer,
allowance,
sales journal,
bill of sale,
source document,
discount rate,
direct debit payment,
confirming house,
importer
and
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