documents against cash

documents against cash
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 related bill of exchange — compare documents against acceptance

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documents against cash UK US noun [plural] COMMERCE
DOCUMENTS AGAINST PAYMENT(Cf. ↑documents against payment)

Financial and business terms. 2012.

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  • documents against cash — /ˌdɒkjυmənts əgenst kæʃ/, documents against presentation /ˌdɒkjυmənts əgenst prez(ə)n teɪʃ(ə)n/ noun an arrangement whereby a buyer receives documents for the goods on payment of a bill of exchange …   Marketing dictionary in english

  • documents against payment — Shipping documents that are released to the buyer once the buyer has paid for the draft. Bloomberg Financial Dictionary * * * documents against payment UK US noun [plural] (ABBREVIATION D/P, also cash against documents, also documents against… …   Financial and business terms

  • 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 — 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 presentation — D P See cash against documents …   Big dictionary of business and management

  • cash — includes all money in the bank, in the cash drawer and in petty cash. Banknotes, coins, bills and negotiable securities (like cheques) is cash. But so is the money you can draw on demand your bank accounts or savings accounts also represent cash …   Financial and business terms

  • Cash — The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and Banker s Acceptances. Cash equivalents on balance sheets include… …   Financial and business terms

  • 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

  • cash — n 1: ready money 2: money or its equivalent (as a check) paid for goods or services at the time of purchase or delivery cash against documents: a sight draft in exchange for a bill of lading agree that the buyer will pay cash against documents… …   Law dictionary

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