Collection terms of payment that require the drawee to accept a draft or drafts drawn for future maturity at the presenting bank prior to receiving the accompanying documents. Typically, such collections include a document that restricts possession or ownership, thereby…
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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…
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