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If payment is received from yet another BD then within 2 Biz days?

User Ben Evans
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1 Answer

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Final answer:

The question relates to a business transaction where payment is due within two business days after an event, such as receiving a Bank Draft. The concept also ties in with understanding payment terms and financial deadlines, similar to those mentioned on a hypothetical financial note from the Reserve Bank of Zimbabwe.

Step-by-step explanation:

The question likely pertains to a scenario in business where a payment is due within a two business day window after receiving funds from a Bank Draft (BD). This might relate to concepts such as payment terms, financial obligations, or banking transactions.

An example of payment terms could be as expressed on a highly inflated currency from the Reserve Bank of Zimbabwe which indicates 'Pay the bearer on demand ONE HUNDRED BILLION DOLLARS on or before 31st December 2008', with an issue date of 1st July 2008. In this case, the payment is due on or before a specific date, as stated.

In a more general sense, if an agreement states that payment is due 'within 2 business days', it means that the party must fulfill their financial obligation no later than two days, excluding weekends and public holidays, after the agreed upon triggering event, such as the receipt of another BD.

User MyStream
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