DA is the abbreviation of Document againts Acceptance.
Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how the payment term document against acceptance stands.
After Deducting Freight (People seem to make their own payment term abbreviations!)
Coupon Payment
Payment settled on 2nd day, 2nd Month
Balloon Payment
WHat is the DA = Payment against acceptance
DA is a term used in import/export business internationally. DA stands for "Documents against Acceptance" and "number of Days" specified with DA means the number of days credit against that particular set of shipment documents(invoice, Shipping bill etc) i.e. DA 60 days means that importer/ purchaser will make payment within or at the latest by 60th day from the date of his acceptance of the Documents.
LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer
Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how the payment term document against acceptance stands.
After Deducting Freight (People seem to make their own payment term abbreviations!)
Claim certification and voucher for death gratuity payment.
Coupon Payment
Payment settled on 2nd day, 2nd Month
Honorarium.
Balloon Payment
CAD payment term
guerdons