Home > Term: Subject to collection
Subject to collection
Clause by which the bank reserves the right to reverse or cancel a credit entry if the countervalue of promissory notes and other debt certificates (such as bills of exchange, draughts and cheques) cannot be collected.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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- Harry8L
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(London, United Kingdom)