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.
Trade words
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.
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