COLLECTION PAPERS Definition

Bookmark and Share

COLLECTION PAPERS are those documents specified as necessary for payment to be made, such as the commercial invoice, certificate of inspection, and bill of lading.

Learn new Accounting Terms

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.

BIG BOARD is the New York Stock Exchange.

Suggest a Term

Enter Search Term

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