The term 'at sight' is commonly used on a bill of exchange to indicate that payment is due upon presentation. It is an immediate payment term contrary to 'after date' or 'after sight' terms.
A cash order is an order accompanied by the required payment at the time of the order. It differs from other types of orders where payment may be made at a later date. This ensures the vendor receives payment immediately upon the placement of the order.
A cash sale refers to a transaction where the payment for the purchased goods or services is made immediately in cash, rather than via credit terms. Proper accounting entries for cash sales should be recorded in the cash book.
A payment of the entire amount of retirement benefits due at one time rather than in installments.
A sight draft, also known as a documentary draft, is a type of financial instrument or bill of exchange that is payable upon presentation, typically used in international trade to facilitate the payment for goods and services.
