Business, Legal & Accounting Glossary
An offer to buy goods under specified terms and conditions; for example, for misuse.
IPCO is an abbreviation for an irrevocable corporate purchase order or irrevocable corporate purchase offer.
Also:
An ICPO (irrevocable corporate purchase order or irrevocable corporate purchase offer) is a document similar to a Letter of Indemnity – LOI (not to confused with Letter of Intent) which is used by companies to communicate their intent to enter into a transaction with a foreign-based (overseas) company and provides verification as to the purchasing terms, banking information, and company financials pertaining to the transaction.
An IPCO technically acts as like the final draft of a purchase order and is typically sent to the seller on company letterhead.
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This glossary post was last updated: 15th January, 2020 | 0 Views.