Argentina – Deferred Payment Checks, how does this works ?
Deferred check is a singularity of the Argentine payment environment Deferred Payment Checks (CPD, Cheque de Pago Diferido) is a relatively common instrument for companies to finance themselves for their short-term needs. The concept is issuing a check with a nominal amount, incorporating pre-agreed payment deadlines up until maturity. Such payment amounts increase with time. …
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