Payment term often used in conjunction with bank drafts and documentary credit.
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A draft that matures for a specified number of days after issuance, without regard to the date of acceptance.
Read MoreDeferred payment letter of credit
A letter of credit that is not payable at sight but at a future time.
Read MoreDel credere
As relates to international commercial agency relationships, a del credere agent is one who guarantees the ability to pay prospective clients he or she has brought to the principal; in exchange, the del credere agent is usually accorded a higher…
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