Specifies the type of payment. Collection: The document will be sent to the bank for processing as a receivable. Discount: ...

Specifies the type of payment. Collection: The document will be sent to the bank for processing as a receivable. Discount: The document will be sent to the bank for processing as a prepayment discount. When a document is submitted for discount, the bill group bank advances the amount of the document (or a portion of it, in the case of invoices). Later, the bank is responsible for processing the collection of the document on the due date.
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