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FrançaisDocuments against payment (D/P)
Collection terms of payment that require the drawee to pay a draft prior to receiving the accompanying documents. Typically, such collections include a document that restricts possession or ownership, thereby forcing the drawee to honour the draft in order to obtain the relevant goods. While it is possible to protest for non-payment of sight drafts, the benefit is questionable, as the drawee will not have received the contract goods.
