Hi,
can anyone please tell me where can I find definition for 'at sight' payment.
How many days is it? (2, 3, 5...)?
Is there something in writing or is it just usual practice that can be subject to different interpretations?
regards
Snježana
Definition of 'at sight' payment
- MIA19
- Posts: 156
- Joined: Wed Mar 03, 2010 1:44 pm
- First Name: SNJEŽANA
- Last Name: CINDRIĆ LUKAČEV
- Organization: ZAGREBAČKA BANKA DD
- Filter: Two Plus Two =: 4
- shahriar
- Posts: 923
- Joined: Fri May 16, 2008 1:03 am
- First Name: Shahriar
- Last Name: Masum
- Organization: Mutual Trust Bank
- Filter: Two Plus Two =: 4
- Location: Bangladesh
At sight
here is a quote from James E bryne
While payment “at sight” originally meant presenting the documents at the bank’s counter and waiting while a decision to pay was made, it now means payment after the time for examination of the documents.