Trade words

D/A

Documents against acceptance

Like D/P, but the buyer's bank releases the documents when the buyer accepts a bill of exchange, a promise to pay on a set later date. You carry the risk that the buyer does not pay then.

Lessons that use this word

  1. Lesson 205 min readGetting paid: advance, LC, DA and DPThe main ways an exporter gets paid, the risk each puts on you and your buyer, how documents move through banks, and how to check a buyer.
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