See Also: Documents against acceptance(finance)
Documents Against Acceptance(money)
Documents(law)
Advance Against Documents(money)
Shipping Documents(money)
DOCUMENTS, evidence(law)
Documents of Title(money)
Documents against payment(money)
Inspection Of Documents(law)
Documents against payment(finance)

Documents Against Acceptance (money)


Definition: In exporting, instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer only upon the buyer's acceptance of the attached draft.

Definition: [crh] Shipping documents held by the buyer's bank until the buyer has accepted (signed) the draft.