WAEC - Commerce (2021 - No. 14)
A foreign order which instructs an agent to buy certain goods from a particular supplier is
closed indent
open indent
letter of credit
letter of enquiry
स्पष्टीकरण
A closed indent is an order, usually from a buyer instructing an agent to buy goods from a specific seller/manufacturer.
It restricts the agent to only buy goods from a named manufacturer.