Meaning of “documents against payment” in the English Dictionary

business-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 international trade, an arrangement in which someone can only collect imported goods 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)