acceptance against documents


acceptance against documents
/əkˌseptəns əgenst 'dɒkjυmənts/ noun
a transaction where the seller takes charge of the shipping documents for a consignment of goods when a buyer accepts a bill of exchange
Acceptance against documents protects the seller when sending goods which are not yet paid for.

Marketing dictionary in english. 2015.

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  • cash against documents — ˌcash against ˈdocuments noun [uncountable] BANKING an arrangement in which an importer can only collect goods sent by an exporter after paying the related bill of exchange compare documents against acceptance * * * cash against documents UK US… …   Financial and business terms

  • cash against documents — CAD 1) The simultaneous exchange of assets and payment. 2) Payment terms for exported goods in which the shipping documents are sent to a bank, agent, etc. , in the country to which the goods are being shipped, and the buyer then obtains the… …   Big dictionary of business and management

  • documents-against-acceptance bill — COMMERCE ➔ bill of exchange * * * documents against acceptance bill UK US noun [C] COMMERCE ► BILL OF EXCHANGE(Cf. ↑bill of exchange) …   Financial and business terms

  • acceptance — A time draft that has been accepted for payment. See banker s acceptance. American Banker Glossary Contractual agreement instigated when the drawee of a time draft accepts the draft by writing the word accepted thereon. The drawee assumes… …   Financial and business terms

  • documents against acceptance — D A A method of payment for goods that have been exported in which the exporter sends the shipping documents with a bill of exchange to a bank or agent at the port of destination. The bank or agent releases the goods when the bill has been… …   Big dictionary of business and management

  • documents against cash — ˌdocuments against ˈcash also ˌdocuments against ˈpayment, ˌdocuments against presenˈtation noun [plural] COMMERCE TRANSPORT an arrangement in which an importer will be given the documents giving them ownership of goods only after paying the… …   Financial and business terms

  • documents against acceptance —   [ dɔkjʊmənts ə geɪnst ək septəns, englisch], Abkürzungen d/a oder D/A, eine Handelsklausel …   Universal-Lexikon

  • documents against acceptance — Shipping documents held by the buyer s bank until the buyer has accepted (signed) the draft. Bloomberg Financial Dictionary * * * documents against acceptance ˌdocuments against acˈceptance noun [plural] COMMERCE TRANSPORT an arrangement in which …   Financial and business terms

  • documents against acceptance — /ˌdɒkjυmənts əgenst ək septəns/ noun 1. an arrangement whereby buyers receive documents for the goods on their acceptance of a bill of exchange 2. a note to a bank to instruct it that documents attached to a draft should be given to the drawee… …   Dictionary of banking and finance

  • documents against acceptance — /ˌdɒkjυmənts əgenst ək septəns/ noun an arrangement whereby a buyer receives documents for the goods on their acceptance of a bill of exchange …   Marketing dictionary in english