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A Payment Terminal refers to the keypad and LCD monitor device used by many business to allow credit and debit card transactions. Usually the credit or debit card is "swiped" through the terminal, and instructions for completing the transaction are given on the screen and by the cashier.
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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 is meant by the term email?
"Email" is a system for sending messages from one individual to another via telecommunications links between computers or terminals.
What is meant by payment term DP 60 days?
Payment term "DP 60 days" refers to a financial arrangement where payment is due 60 days after the delivery of goods or services. "DP" stands for "Documents against Payment," indicating that the seller retains control over shipping documents until payment is made. This term is commonly used in international trade to ensure that the buyer has a specified timeframe to arrange payment after receiving the goods.
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 meant by payment term TT?
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.
What is meant by payment term CAD 60 days?
It means 60 from the date the customer receives the goods. CAD = Cash Against Documents
What is meant by payment term LC?
A payment term LC, or Letter of Credit, is a financial document issued by a bank on behalf of a buyer, guaranteeing payment to a seller upon the fulfillment of specified conditions. It serves as a secure method of payment in international trade, ensuring that the seller receives payment as long as they provide the required documentation, such as shipping details and invoices. This reduces the risk for both parties, as the buyer can ensure that the goods are delivered as promised before payment is made.
What does the term anuity mean?
Annuity is a term that usually relates to financial matters. The word annuity would normally be meant to describe any continuous payment with a fixed total annual amount.
