Documents against acceptance

Documents against acceptance is a situation in which the buyer’s bank does not release shipping documents to the buyer until the buyer has accepted (signed) the draft.

Category: Banking & Finance

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Related Definitions

Trade acceptance
Trade acceptance refers to a draft that allows the buyer...
Bankers’ acceptance
Bankers’ acceptance refers to an unconditional promise of a bank...
D/A (documents against acceptance)
D/A (documents against acceptance) refer to shipping documents presented to...
D/P (documents against payment)
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Banker’s Acceptance
Banker’s Acceptance is negotiable time drafts, or bills of exchange,...