Common name for the United Nations Convention on Contracts for the International Sale of Goods. They are a body of law governing the international sale of goods between parties domiciled in member countries.
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Accrual Accounting Convention
Accrual Accounting Convention An accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses.
Conventional mortgage
Conventional mortgage A loan based on the credit of the borrower and on the collateral for the mortgage.
Conventional option
Conventional option An option contract arranged off the trading floor and not traded regularly.