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TT means Telegraphic transfer
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∙ 14y ago
Payment term TT stands for Telegraphic Transfer, which is a method of payment where funds are transferred electronically from one bank account to another. TT payments are commonly used in international trade transactions as a secure and quick way to exchange funds.
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What is meant by payment term DA 60 days?
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.
What being an indentured serving meant?
Being an indentured servant meant that an individual agreed to work for a specified period of time in exchange for passage to a new country or some other form of payment. The servant was usually bound by a legal contract and had limited rights until the term of service was complete. This system was commonly used in colonial America and other parts of the world as a form of labor recruitment.
What is the term for a payment in money or slaves made to a stronger ruler?
Tribute is the term for a payment made to a stronger ruler as a form of acknowledgement or submission. It can include money, goods, or slaves offered by a lesser power to a dominant authority.
What is meant by saying a proposed travel payment is legal?
A proposed travel payment being legal means that it complies with all relevant laws, regulations, and policies governing travel expenses in a given jurisdiction. This typically includes following guidelines for allowable expenses, documentation requirements, and approval processes.
What is the origin of the term at large?
The term "at large" comes from Middle English and Old French, where "larges" meant "at liberty." It originally referred to someone who was not in custody or confinement and was free to move around.
DP payment against receipt of document?
wht is DP payment...if any company issue DP payment to me is safe or not it is like Tt payment? how the diferrent Tt payment & DP payment? Hope your can rely it
What is LC DA DP TT payment options?
LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer
What is meant by payment term OA 60 days?
OA = open account
What is meant by payment term OA 30 days?
open account 30 days..
What the meaning of TT in terms of payment?
A TT payment stands for telegraphic transfer or wire/swift transfer which is the cheapest and fastest. It is a legal way of remitting money overseas through any bank with Forex facility. T/T is just a payment method, but not payment term, so when you discuss the payment term with customers, you must say "T/T+date limit", such as "T/T in advance", "T/T before shipment", "T/T within 15days after shipment", etc. If only "T/T", you might wait a long time for the payments.
What is meant by payment term DDU?
Delivered Duty Unpaid. This terms no longer exists in the latest version of Incoterms 2010
What is meant by the payment term cash on delivery?
Cash on Delivery means that when a package arrives to its destination payment in cash currency only. Credit cards and debit machines are not available to use.
What is meant by a balloon payment on a lease car?
A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.
What is meant by the term cost term life insurance?
Term life insurance refers to a common category of life insurance in which fixed payments are offered for a limited time (or term). If the person dies outside of the term, they receive no payment.
What is a term used to express the appearance of the gene causes tallness in pea plant as an example?
Not entirely sure what you meant on that one, but I'll try and answer it. Genes have a genotype and a phenotype. (spelling?) A genotype is the "official label for the gene" (i.e. Tt, TT, tt) and phenotype descibes the appearance (i.e. homozygous tall, heterozygous tall, heterozygous short...) Hope this helps!
What is TT payment?
Telegraphic transfer (TT), as one of the payment method of cash in advance, is a method of transferring funds by telecommunication system such ass telex or cable. The advantage of TT is the fast speed. A payment can be made within two of three banking days. The disadvantage is the relatively high cost. However, sometimes you need a SWIFT No. in your TT transaction. SWIFT ( Society for Worldwide Interbank Financial Telecommunication ) members are able to transfer funds within their own telecommunication network at a much lower cost. This make TT very popular as most international banks are SWIFT members.
When making a TT and L payment at the bank who should the check be made payable too?
To the bank
