direct collection
Definition
Documentary collection arrangement in which an exporter sends the collection documents (accompanied by his/her bank's printed form and a cover letter for collecting instructions) directly to the importer's bank for payment. It carries the same power as if sent through the exporter's bank.
Popular 'Banking, Commerce & Finance' Terms
direct collection in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/direct-collection.html
