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Authority to Pay

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Authority to Pay
In international commerce, notification given by an importer's bank to a seller stating that it (the bank) will accept a bill of exchange from the seller within a certain period of time to pay for a good. Authority to pay documents are used in East Asian countries, most notably in Japan. See also: Authority to purchase.


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Residents of the area Umer Khan, Akhtar Khan and others appealed to the higher authority to pay attention and provide basic facilities to the residents of the area.
Randy Koontz, a former financial adviser with Morgan Stanley who now works at a Raymond James office in Rogers, was ordered by the Financial Industry Regulatory Authority to pay back a $94,000 promissory note, plus interest.
His plan underwent numerous revisions before legislators in May passed a bill requiring the loan authority to pay $350 million to the state over the next six years, the vast majority of which is to go to college buildings.
 
 
 
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