documents against payment Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “documents against payment” in the English Dictionary

"documents against payment" in Business English

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documents against paymentnoun [plural]

uk   us   ( abbreviation D/P, also cash against documents, also documents against cash, also documents against presentation) COMMERCE
in ​internationaltrade, an ​arrangement in which someone can only ​collectimportedgoods after ​paying for them at a ​bank and showing ​proof of having ​paid
(Definition of documents against payment from the Cambridge Business English Dictionary © Cambridge University Press)
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