GLOSSARY OF INTERNATIONAL TRADE TERMS

Alphabetical Listing

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A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

W

Warehouse Receipt Wharfage With Particular Average (W.P.A.) With Recourse Without Recourse

With Recourse A phrase used on an instrument or endorsement to indicate that the drawer or endorser is liable to subsequent holders or the institution that has financed the instrument, if the instrument is not honored when due.

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