Pay-When-Paid – A repayment stipulation that is considered as a timing mechanism to wait on settlement to subcontractors as well as distributors until they are paid by the proprietor.
« Back to Glossary IndexPower site About the Bond Industry
Power Blog
Pay-When-Paid – A repayment stipulation that is considered as a timing mechanism to wait on settlement to subcontractors as well as distributors until they are paid by the proprietor.
« Back to Glossary Index