A B C D E F G H I J K L M N O P Q R S T U V W Y Z
Pa Pe Ph Pi Pl Po Pr Pu
Pac Pal Par Pat Pay
Paye Payi Paym

Payment at sight

Payment terms used in bank collections that require the drawee to pay before receiving certain documents. Typically, the drawer will send these documents to the drawee´s bank with instructions that it secure payment before releasing them. Also called CAD (cash…

Read More

Payment in advance

A payment term whereby the buyer remits the amount of money at the time the order is placed. Under this term the buyer is actually extending credit to the seller. Also called CWO (cash with order).

Read More

Payment terms

That part of a contract that defines when, where, to whom and in what currency the underlying obligation is to be discharged. The exporter will consider the following factors in negotiating terms of payment for goods to be shipped: Practices…

Read More

Payment under reserves

In a letter of credit payment made against a non-complaint or questionable presentation, against which the beneficiary agree to repay if reimbursement is nor received from the opening bank within a specified time.

Read More