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What is meant by payment term TT?

Updated: 4/28/2022
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14y ago

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TT means Telegraphic transfer

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Q: What is meant by payment term TT?
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What is meant by payment term DA 60 days?

DA is a term used in import/export business internationally. DA stands for "Documents against Acceptance" and "number of Days" specified with DA means the number of days credit against that particular set of shipment documents(invoice, Shipping bill etc) i.e. DA 60 days means that importer/ purchaser will make payment within or at the latest by 60th day from the date of his acceptance of the Documents.


What is the term for a payment in money or slaves made to a stronger ruler?

I think the word tribute might be a match for your definition.


What is the difference in slaves being sold and slaves being let?

To sell a slave, the ownership or title was transferred to the new owner, who gained all rights under the slavery laws. To "let" is to lend (a term still applied to the lease of boarding rooms), which meant the slave was "rented" to the other person for a certain payment or period of time.


What is meant by the term fine print?

The term print means like if you read the paper you can see that it the prof is in the paper is you read it. Another term "it's in the fine print" when they give you the paper to read it in the "fine print".


What is meant by the term jointly and severally when used in a will?

The legal term is not generally used in terms of a will. It is a legal term used in contract law meaning that if a member of a group is unable to fulfill his or her contractual obligations the other members of the group are responsible.

Related questions

DP payment against receipt of document?

wht is DP payment...if any company issue DP payment to me is safe or not it is like Tt payment? how the diferrent Tt payment & DP payment? Hope your can rely it


What is LC DA DP TT payment options?

LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer


What is meant by payment term OA 60 days?

OA = open account


What is meant by payment term OA 30 days?

open account 30 days..


What the meaning of TT in terms of payment?

A TT payment stands for telegraphic transfer or wire/swift transfer which is the cheapest and fastest. It is a legal way of remitting money overseas through any bank with Forex facility. T/T is just a payment method, but not payment term, so when you discuss the payment term with customers, you must say "T/T+date limit", such as "T/T in advance", "T/T before shipment", "T/T within 15days after shipment", etc. If only "T/T", you might wait a long time for the payments.


What is meant by payment term DDU?

Delivered Duty Unpaid. This terms no longer exists in the latest version of Incoterms 2010


What is meant by the payment term cash on delivery?

Cash on Delivery means that when a package arrives to its destination payment in cash currency only. Credit cards and debit machines are not available to use.


What is meant by a balloon payment on a lease car?

A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.


What is meant by the term cost term life insurance?

Term life insurance refers to a common category of life insurance in which fixed payments are offered for a limited time (or term). If the person dies outside of the term, they receive no payment.


What is a term used to express the appearance of the gene causes tallness in pea plant as an example?

Not entirely sure what you meant on that one, but I'll try and answer it. Genes have a genotype and a phenotype. (spelling?) A genotype is the "official label for the gene" (i.e. Tt, TT, tt) and phenotype descibes the appearance (i.e. homozygous tall, heterozygous tall, heterozygous short...) Hope this helps!


What is TT payment?

Telegraphic transfer (TT), as one of the payment method of cash in advance, is a method of transferring funds by telecommunication system such ass telex or cable. The advantage of TT is the fast speed. A payment can be made within two of three banking days. The disadvantage is the relatively high cost. However, sometimes you need a SWIFT No. in your TT transaction. SWIFT ( Society for Worldwide Interbank Financial Telecommunication ) members are able to transfer funds within their own telecommunication network at a much lower cost. This make TT very popular as most international banks are SWIFT members.


When making a TT and L payment at the bank who should the check be made payable too?

To the bank