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From a GM related company...
"The payment date is set forth in the
Line Item Detail of this contract, or if not stated, shall be the date established by Buyer's Multilateral Netting System
(MNS-2), which provides, on average, that payment shall be made on the second day of the second month
following, in the case of the Buyer's North American facilities, Seller's shipment date of goods or date of services,
and, for all of Buyer's other locations, Buyer's receipt date of the goods or date of services."
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What is the meaning of LC payment?
Letter of Credit payment
What is a pyramid scheme?
A pyramid scheme is where a person pays to another person or company a payment, (called a participation payment) for the right to receive payment or other benefits from the recruitment of other persons, (called a recruitment payment).
What is an on demand payment bond?
This is a type of credit enhancement that guarantees payment of an obligation and must be paid by the enhancer on the demand of the note or bond holder.
WHAT IS THE Consent of surety company for final payment?
The consent of surety to final payment is issued by the surety company at the end of a project. The consent states that the owner reserves their right under the bond and the surety company agrees the final payment will not relieve them of any of its obligations.
What services are offered at Lloyds Business Banking?
There are many services been offered by Lloyds Business Banking such as payment services which include Cardnet, Bulk payment services, Teledebit, BACS direct, Online payment control systems, CHAPS and faster payments.
