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The term of the day is "Pro Forma Invoice," which is an invoice issued by one company to another before the dispatch of goods to ensure payment. This invoicing method is often used when companies are engaging in initial transactions. If ongoing trading is expected, an account may be established for the purchasing company with credit arrangements. A pro forma invoice outlines the type and quantity of goods, their estimated value, and relevant details such as weight and shipping costs. It serves as a preliminary invoice or quotation and is also used for customs in importation. Unlike standard invoices, pro forma invoices do not request payment.