Question

A company manufactures extremely specialized equipment for medical imaging. Because of its value, when the company exports this equipment overseas to hospitals, it generally requires ________, which is a nonrefundable deposit.

Answer 1

Cash in advance, is the right answer.

Step-by-step explanation:

The service which is generally provided by most of the credit cards and charge card agencies is known as a cash advance.

It is a kind of service through which the cardholder can simply withdraw money either through an ATM or over the desk at any financial office. However, the cardholder can withdraw a limited amount. Under this scheme, an individual cardholder who presents an accepted form of identification is eligible for a cash advance over the desk of any bank which issues such types of credit cards.