invoice price

Literally, the amount of value placed upon an item of goods or merchandise in the invoice in which the item appears. Appearing in a stipulation in a contract of carriage that the liability in case of loss of the goods shall be limited to the invoice price at the point of shipment, the term "invoice price" is not rendered meaningless by the fact that no invoice was actually made out or agreed upon; by application of the rule of reasonable construction, it should be considered to mean the actual value of the goods where loaded and ready for transportation. Pierce v Southern Pacific R. Co. 120 Cal 156, 47 P 874, 52 P 302. See invoice purchase price.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Invoice price — The price that the buyer of a futures contract must pay the seller when a Treasury Bond is delivered. The New York Times Financial Glossary * * * invoice price invoice price ➔ price1 * * * invoice price UK US noun [C] FINANCE ► the amount of… …   Financial and business terms

  • invoice price — The price that the buyer of a futures contract must pay the seller when a Treasury bond is delivered. Bloomberg Financial Dictionary * * * invoice price invoice price ➔ price1 * * * invoice price UK US noun [C] FINANCE ► the amount of money… …   Financial and business terms

  • invoice price — / ɪnvɔɪs praɪs/ noun the price as given on an invoice, including any discount and VAT …   Marketing dictionary in english

  • invoice price — / ɪnvɔɪs praɪs/ noun the price as given on an invoice, including any discount and VAT …   Dictionary of banking and finance

  • price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… …   Financial and business terms

  • invoice value — The invoice price. The cost price rather than the actual value. Knopfler v Flynn, 135 Minn 333, 160 NW 860. See invoice price …   Ballentine's law dictionary

  • invoice — in·voice / in ˌvȯis/ n 1: an itemized statement furnished to a purchaser by a seller and usu. specifying the price of goods or services and the terms of sale: bill 2: a consignment of merchandise Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • invoice — document which shows the customer charges for goods delivered or work done. Glossary of Business Terms Bill written by a seller of goods or services and submitted to a purchaser for payment. Bloomberg Financial Dictionary The document against… …   Financial and business terms

  • Invoice — Bill written by a seller of goods or services and submitted to the purchaser. The New York Times Financial Glossary * * * ▪ I. invoice in‧voice 1 [ˈɪnvɔɪs] noun [countable] ACCOUNTING 1. a document sent by a seller to a customer with details of… …   Financial and business terms

  • Invoice — For the Japanese company, see Invoice (company). An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.