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Salam ((For more, see the Vernimmen.com Newsletter, November 2006 ))
This is a short-term agreement under which a financial institution pays, in advance, amounts corresponding to the future delivery of a defined quantity of goods. A Salam is mainly used for financing goods. It is similar to forward selling where delivery is at a future date in exchange for cash payment.
Salam ((For more, see the Vernimmen.com Newsletter, November 2006 ))
This is a short-term agreement under which a financial institution pays, in advance, amounts corresponding to the future delivery of a defined quantity of goods. A Salam is mainly used for financing goods. It is similar to forward selling where delivery is at a future date in exchange for cash payment.
See
all terms in the dictionary of finance
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