What is the definition of Payment against documents? | Dictionary.net

PAYMENT AGAINST DOCUMENTS

\pˈe͡ɪmənt ɐɡˈɛnst dˈɒkjuːmənts], \pˈe‍ɪmənt ɐɡˈɛnst dˈɒkjuːmənts], \p_ˈeɪ_m_ə_n_t ɐ_ɡ_ˈɛ_n_s_t d_ˈɒ_k_j_uː_m_ə_n_t_s]\

Definitions of PAYMENT AGAINST DOCUMENTS

1910 - Black's Law Dictionary (2nd edition)

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A setup in which the buyer can receive delivery documents, only after the full payment of the bill of invoice has been made.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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