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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.

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Is it compulsory to present the documents to bank for payment terms CAD 60 days?

Yes, it is typically compulsory to present the required documents to the bank for payment terms under a Cash Against Documents (CAD) arrangement, regardless of the payment term duration, such as 60 days. The documents serve as proof of shipment and compliance with the terms of the sale. The bank will only release the documents to the buyer upon payment or as per the agreed terms. Failure to present the necessary documents may result in delays or non-payment.


What is back to back payment terms?

Back-to-back payment terms refer to a financial arrangement where payments are made only when corresponding receipts are received. This means that the buyer pays the supplier only after the buyer has received payment from their own customer. This arrangement helps to manage cash flow and reduce financial risk for the buyer, as it aligns the timing of cash inflows and outflows. It is commonly used in industries where transactions involve multiple parties or stages.


What would the monthly payment be on a 203k loan?

This question cannot be answered without knowing the term of the loan and the interest rate, as well as any special terms such as an interest only period or balloon payment. To find out the monthly payment amount, gather this information and use a loan calculator widely available online to determine the exact monthly payment, or simply ask your loan officer.


What terms should be negotiated before paying a collection account in full?

Everything agreed upon should be in written form and in specific terms. Such as total amount, date for payment, method of payment, etc. DO NOT sign anything that is not clearly understood. DO NOT verbally agree to anything. Only supply needed contact information not bank account, financial status, etc.


Is the private car seller only accepting cash as payment?

Yes, the private car seller is only accepting cash as payment.

Related Questions

Is it compulsory to present the documents to bank for payment terms CAD 60 days?

Yes, it is typically compulsory to present the required documents to the bank for payment terms under a Cash Against Documents (CAD) arrangement, regardless of the payment term duration, such as 60 days. The documents serve as proof of shipment and compliance with the terms of the sale. The bank will only release the documents to the buyer upon payment or as per the agreed terms. Failure to present the necessary documents may result in delays or non-payment.


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Limited government matters because it forces the people within the government to be responsible for their actions. Unlimited government allows those same people to work only for themselves if they prefer. www.investopedia.com/terms/l/limited-government.asp‎


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There are no terms used only by gay people and not straight people. But if you're talking about gay slang, Here is a list of Gay Slang Terms.


What is back to back payment terms?

Back-to-back payment terms refer to a financial arrangement where payments are made only when corresponding receipts are received. This means that the buyer pays the supplier only after the buyer has received payment from their own customer. This arrangement helps to manage cash flow and reduce financial risk for the buyer, as it aligns the timing of cash inflows and outflows. It is commonly used in industries where transactions involve multiple parties or stages.


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Some people just prefer the funny, less realistic shows.


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They are only stylized portraits not real people


Is it true that only right brained people watch only cartoons?

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What does da and d P payment means?

In finance, "DA" typically stands for "Documents Against" payment, a method of trade financing where shipping documents are released to the buyer only upon payment. "D/P," or "Documents Against Payment," is similar, where the seller retains control of the documents until the buyer makes the payment. Both terms are used to protect the seller's interests in international trade transactions.


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One study has shown that 42 percent of men prefer to wear briefs. 36 percent of men prefer boxers and only 22 percent prefer to wear boxer briefs.


How do you determine what type of toothbrush you need in terms of soft, medium and hard?

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What is an LC payment?

An LC payment, or Letter of Credit payment, is a financial instrument used in international trade to ensure that payment will be made to the seller upon fulfillment of specified conditions. The buyer's bank issues the LC, guaranteeing payment to the seller's bank once the seller provides the required documentation, such as shipping and invoice details. This method reduces risk for both parties, as the buyer is assured that payment will only be made when the agreed terms are met, while the seller gains security in receiving payment.