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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 else can I help you with?
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 does payment terms tt 30 mean?
TT payment is called telegraphic transfer or wire /swift transfer which is cheap and fastest legal way of remitting money over seas through any bank with Forex facility by the way you have to be careful before you buy any such things from companies before you should know them well.
What are mns2-3 payment terms?
mns2-3 payment terms
What is the meaning of Net 7 terms vs Net 30 Terms?
Net 7 terms mean that payment is due within seven days of the invoice date, while Net 30 terms indicate that payment is expected within thirty days. These terms are commonly used in business transactions to set clear expectations regarding payment timelines. Shorter payment terms, like Net 7, can help improve cash flow for suppliers, while longer terms, like Net 30, provide buyers with more time to manage their finances.
When making a TT and L payment at the bank who should the check be made payable too?
To the bank
What means tbd payment terms?
TBD meaning in business payment
What does tt prior to shipment mean in payment terms?
"TT prior to shipment" refers to a payment term where the buyer is required to make a telegraphic transfer (TT) of funds to the seller before the shipment of goods occurs. This means that the seller expects to receive full payment in advance, ensuring that they have been compensated before the products are dispatched. This term is commonly used in international trade to mitigate the risk of non-payment.
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 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 the meaning of payment terms LOL?
Lol mean laugh out loud that it mean
What is the meaning of payment terms ADI?
The invoice is due X days "After Date of Invoice"
What does payment terms tt 30 mean?
TT payment is called telegraphic transfer or wire /swift transfer which is cheap and fastest legal way of remitting money over seas through any bank with Forex facility by the way you have to be careful before you buy any such things from companies before you should know them well.
What is the meaning of MT103 in terms of payment?
MT103 is a Single Customer Payment between the two customer accounts across the banks. Its a cross border payments.
What does tt mean in shipping terms?
Telegraphic Transfer.
What are mns2-3 payment terms?
mns2-3 payment terms
What are common payment terms?
Common payment terms include "Net 30," which requires payment within 30 days of invoice receipt, and "Due on Receipt," where payment is expected immediately upon receiving the invoice. Other terms may specify discounts for early payment, such as "2/10 Net 30," meaning a 2% discount is available if paid within 10 days. Additionally, "COD" (Cash on Delivery) requires payment at the time of delivery. These terms help businesses manage cash flow and set clear expectations for payment timelines.
