documents against acceptance

documents against acceptance
Shipping documents held by the buyer's bank until the buyer has accepted (signed) the draft. Bloomberg Financial Dictionary

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documents against acceptance ˌdocuments against acˈceptance noun [plural] COMMERCE TRANSPORT
an arrangement in which an importer does not receive the documents giving them ownership of goods until they have accepted and promised to pay the related bill of exchange — compare documents against cash

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documents against acceptance UK US noun [plural] (ABBREVIATION D/A) COMMERCE
an arrangement in which someone has the right to collect imported goods only after they have signed an agreement at a bank to pay for the goods and have shown proof of having signed it

Financial and business terms. 2012.

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Look at other dictionaries:

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

  • 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

  • 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 — 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 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

  • Documents against Acceptance (D/A) — ⇡ Dokumente gegen Akzept Inkassi …   Lexikon der Economics

  • 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

  • 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

  • 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

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