DA is the abbreviation of Document againts Acceptance.
Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how the payment term document against acceptance stands.
After Deducting Freight (People seem to make their own payment term abbreviations!)
Coupon Payment
Payment settled on 2nd day, 2nd Month
Balloon Payment
WHat is the DA = Payment against acceptance
DA stands for Documents against Acceptance. This term means that the buyer will receive the shipping documents from the seller upon acceptance of a draft or bill of exchange. The payment is due 60 days after the buyer accepts the documents.
LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer
Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how the payment term document against acceptance stands.
After Deducting Freight (People seem to make their own payment term abbreviations!)
Claim certification and voucher for death gratuity payment.
Honorarium.
Coupon Payment
Payment settled on 2nd day, 2nd Month
Balloon Payment
CAD payment term
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