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What is the meaning of by payment?

What is the Meaning of by Payment?

At sight payment is a payment due on demand. At sight letter of credit can be defined as a letter of credit that is payable...
payment types in a letter of credit transaction

Availability of Letters of Credit

According to letter of credit rules, a credit must state whether it is available by sight payment, deferred payment, acceptance or negotiation. (UCP 600...
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