BILLS PURCHASED Definition

Bookmark and Share

BILLS PURCHASED, in trade finance, allows a seller to obtain financing and receive immediate funds in exchange for a sales document not drawn under a letter of credit. The bank will send the sales documents to the buyers bank on behalf of the seller.

Learn new Accounting Terms

PURCHASE AND LEASEBACK see SALE AND LEASEBACK.

EMALANGENI is a currency of Swaziland.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.