Backed note

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Updated: Aug 20, 2021

A receiving note endorsed by a ship-broker and authorizing the master of a ship to take on board waterborne goods. It is evidence that freight has been or will be paid.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.