collection letter |
Definition
Seller or exporter's order that accompanies a demand draft or time draft (with shipping and other collection documents) and instructs the collecting and remitting banks on interest charges, demurrage charges, case of need, protest, etc. Also called collection order. Not to be confused with letter of collection.
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collection letter is in the Banking, Commerce & Finance and International Trade & Relations subjects.
collection letter appears in the definitions of the following terms: letter of collection, collection order and advice of acceptance
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