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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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16y ago

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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 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.


Do you say make a payment or make payment?

It depends on what you want to say. The article "a" places the focus on the specific payment being made, usually in a series of payments: "I made a payment only yesterday!" "I make a payment only when I think of it". Without the article, the focus is more diffuse, more general, and may even imply full payment: "You should make payment immediately." "I made payment as soon as I received the invoice." As is often the case, though, there is no hard-and-fast rule about which should be used when ...

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

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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.