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From Longman Business Dictionary
Related topics: Trade, Law
stoppage in transitˌstoppage in ˈtransit (also stoppage in transitu) noun [uncountable] LAWCOMMERCEthe right of a seller to stop the delivery of goods while they are on their way to the buyer if the seller learns that the buyer has gone bankrupt and so cannot pay for them
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May 09, 2025

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