Documents Against Payment D/P Law and Legal Definition
Documents against payment or D/P is a term used in international banking. It is an arrangement made by an exporter instructing the bank in which the s/he presents the draft, for transferring the shipping and title documents to the importer only upon the payment of the accompanying draft.
Legal Definition list
Related Legal Terms
- Accelerated Payments
- Actuarial Documents [Federal Crop Insurance Corporation]
- Additional Principal Payment
- Admission Against Interest
- Against the Form of the Statute
- Against the Peace and Dignity of the State
- Against the Will
- Aggravated Sexual Assault Against a Child
- Automatic Bill Payment
- Balance of Payment
