|Definition||:||Bank Payment Obligation|
|Category||:||Business » Finance|
What does BPO mean?
Bank Payment Obligation (BPO) is a financial instrument for trade settlement governed by legally binding rules. It is an irrevocable undertaking given by the obligor bank (buyer’s bank) to pay for goods or services in favour of the recipient bank (seller’s bank) within the agreed period under the condition of a successful electronic matching of trade data.
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Frequently Asked Questions (FAQ)
What is the full form of BPO in Finance?
The full form of BPO is Bank Payment Obligation