A/R Finance & Factoring Terms GLossary

What isDeposit Account Control Agreement (DACA)

Deposit Account Control Agreement (DACA) is an agreement between a debtor, secure party and the debtors bank where the bank agrees that the secure party controls the deposit account of the debtor. This agreement is part of the Uniform Commercial Code UCC §9-104

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OTHER TERMS BEGINNING WITH "D"

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