Business, Legal & Accounting Glossary
A provision in a documentary collection arrangement in which the buyer of goods must accept and sign the bill of exchange prior to receiving the shipping and title documents for those goods. This provision allows the seller or exporter to ensure that the buyer is legally bound to pay the full price for the goods, before ownership is transferred.
D/A
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Documents Against Acceptance are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.