D/P

Also found in: Dictionary/thesaurus, Acronyms

0.01 sec.

D/P

Abbreviation for Documents Against Payment.

Documents Against Payment

A terms of payment arrangement in which an exporter entrusts the ownership documents of an assetto his/her bank, which then presents them to an importer only after the bank has received payment for the asset. Essentially, the bank holds hostage the ownership documents, which the importer needs to take possession of the merchandise, until the bank, and, by extension, the exporter, are paid. A risk for the exporter is the possibility that the importer will refuse to pay, and, while he/she will not be able to take possession of the merchandise, the exporter has little legal recourse. The terms of this agreement are set between the importer and exporter at the time of the sale.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		Financial browser	?		Full browser	?
No references found			CV CVA CVE CVR CX CXL CY cyberpark Cycle Cycle Billing Cycles cyclical Cyclical Industry Cyclical Stock Cyclical Unemployment Cylinder CYP Cyrus Eaton CZ Czech Koruna CZK D D&O Coverage D/A d/b/a D/P Daily Price Limit Daily Trading Limit Daisy Chain Dalal Street damages Dandy Roll Daniel Starch and Associates Danish Krone Dar baixa Dark Cloud Cover Dark Liquidity Pool Dark Liquidity Pools Dassi Data de vencimento Data di emissione Data di registrazione Data Mining Data room Data Universal Numerical System Data valor Date Certain Date d'exigibilite Date de valeur date of acquisition Date of Issue			D/CW D/D D/D D/D D/D D/DAT D/DBP D/DS D/E D/F D/F D/FW D/G D/H D/HOH D/I D/IM D/K D/L D/L D/MEF D/MPCU D/N D/NAPS D/NAR D/ND D/NE D/NIMA D/O D/O D/P D/PD D/R D/RE D/RES D/RF D/S D/S D/S D/SA D/Sdg D/SER D/SIDDOMS D/SMOAD D/T D/TO D/TREC D/TSENT D/TT D/U D/V D/VD D/VG D/W D/W D/Y D:HOD D0

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.