Cryptocurrency Q&A
What are the five payment terms?
What are the five payment terms?
Tommaso
Tue Jan 21 2025
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5
answers
1245
I'm trying to understand the different payment terms that are commonly used. Specifically, I want to know what the five standard payment terms are.
5 answers
MountFujiMystic
Thu Jan 23 2025
Documentary collection or draft involves the seller presenting documents to a bank for payment, offering moderate security based on the buyer's creditworthiness.
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GeishaMelody
Thu Jan 23 2025
Open account allows for goods to be delivered before payment is due, offering convenience but lower security due to the delay in payment.
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CryptoVanguard
Thu Jan 23 2025
In international trade, various payment methods are utilized, each with its own level of security.
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SolitudeSerenade
Thu Jan 23 2025
Cash in advance is considered the most secure method for sellers, as they receive payment before delivering goods.
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SakuraDance
Thu Jan 23 2025
Letter of credit, issued by a bank, guarantees payment to the seller upon presentation of specified documents, providing a high level of security.
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