See Also: Documentary Collection(money)
documentary(dictionary)
documentary(encyclopedia)
Documentary collections(money)
Documentary Draft(money)
Documentary collections(finance)
documentary 1, noun(dictionary)
documentary 2, adjective(dictionary)
Tight money or dear money(finance)
re-collection(dictionary)

Documentary Collection (money)


Definition: [crh] A service provided by banks to sellers in obtaining payments. This service is usually transacted by the seller's bank through the buyer's bank, with the latter presenting the shipping documentsDefinition: to the buyer in exchange for payment or for signing a promissory note like instrument called a time draft.