A type of letter of credit that enables the buyer in a transaction to pay the seller and receive the goods immediately, and to pay the bank back for the sale amount at a later date. Also called a usance letter of credit.
Related information about deferred payment letter of credit:
- What is deferred payment letter of credit (L/C)? definition and meaning
Definition of deferred payment letter of credit (L/C): A letter of credit that is paid a fixed number of days after shipment or presentation of prescribed documents.
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Sep 24, 2011 ... Deferred payment letter of credit is a well known phrase in the arena of international business transactions. Oftentimes, several issues like ...
- Encyclopedia of Credit - Deferred Payment Letters of Credit and Drafts
... is available for deferred payment and one that is available for acceptance of time drafts in that no drafts are involved under a deferred payment Letter of Credit .
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DEFERRED PAYMENT LETTERS OF CREDIT. A deferred payment letter of credit (DPLC) is a credit which : él ) calls for presentation of specified documents on ...
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Sep 9, 2011 ... Funding for Deferred Payment Letter of Credit (Aviation). Dear ALL: We now have the financial capacity to take deferred payment letters of ...
- What is deferred payment letter of credit? definition and meaning
Definition of deferred payment letter of credit: A type of letter of credit that enables the buyer in a transaction to pay the seller and receive the goods immediately, ...
- What is DEFERRED PAYMENT LETTER OF CREDIT (L/C ...
Definition of DEFERRED PAYMENT LETTER OF CREDIT (L/C): When a letter of credit is paid after the shipment arrives. It is for intimate clients to give a grace ...
- DLA Piper Defining Trade Finance - Deferred Payment Letter of Credit
Deferred Payment Letter of Credit. A Letter of Credit which provides for payment to be made upon the expiry of a period from the presentation of documents or ...