In financial language, this always means “due on presentation”, i.e. – as soon as the creditor presents the appropriate document to the debtor or – the borrower presents the document to the lender, payment is due (payable when the document is presented to the appropriate party).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/