It means Auto Revolving Documentary Letter of Credit. It is a payment term usually used in commodities business.
kilo amp
Back of House
no strings attached
PCG stands for Pastoral Care Group in referring to school terms.
Pretrial negotiation conference
After Deducting Freight (People seem to make their own payment term abbreviations!)
mns2-3 payment terms
payment terms 3rd,13,23rdsub,3rd follow
DP = payment against receipt of document
TBD meaning in business payment
Payment is required on Release Of Goods
Payment terms in law refer to the conditions under which a payment is to be made, such as the due date, method of payment, and any penalties for late payment. These terms are typically outlined in a contract or agreement between parties. Failure to adhere to the payment terms can result in legal consequences.
Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.
Payment is due in 30 days with no discount
A bank that assists in obtaining payment in accordance with draft payment terms.
Balloon payment
how many terms for pdc