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The word of the day at Investors Trading Academy is "Pro Forma Invoice." This is an invoice sent by one company to another before the goods are dispatched, primarily to ensure payment, especially when the companies have not previously traded. It serves as a preliminary or estimated invoice, detailing the type and quantity of goods, their value, weight, and transportation charges. Pro forma invoices are often used for quotations or customs purposes during importation. Unlike a regular invoice, they do not constitute a demand or request for payment.