passing of title
Definition
Transfer (conveyance) of title to a good or property from its seller to its buyer. In trading, this transfer is determined by the terms of sale (such as FOB, CIF, C&F) and is ensured by the use of standard commercial terminology such as INCOTERMS.
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passing of title is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law, International Trade & Relations and Purchasing & Procurement subjects.
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