Question: What is "at sight"? Answer: When you should pour cold water on a mime.
Actually, it's a term relating to the timing of payments under certain contracts. Most of the time, a company will give a buyer some time to pay their bill, say 30 days. "At sight" is the opposite of this. Basically, a buyer is expected to pay immediately, at sight of their bill, as it were.
An "at sight" clause might get added if the seller thinks the buyer presents some payment risk. If for instance, the seller had trouble collecting from this buyer in the past. Instead of chasing them around for payment again, they might insist on an "at sight" clause in order to get paid immediately, lowering the risk that the seller will get stiffed.
BTW, according to our lawyers, mime is a perfectly respectable art form and we wish nothing but security and health to all its practitioners. In fact, we're pretending to be stuck in a box right now!
Related or Semi-related Video
Finance: What is Consent To Service Of P...156 Views
Finance a la shmoop what is consent to service of process alright well it's [Woman appears on stage]
like when you in tone ironically so sue me and they do or at least they can
well this phrase consent to service of process is a legal acceptance of
financial responsibility when you set up your company in whatever form in [Women discussing company matters]
whatever given state that is when you consent to being served lawsuit papers
at your address of record it makes it all the easier for well whoever to sue [Lawyer gives woman a lawsuit]
you they don't have to hunt you down in the woods or wait for you to show up at
your PO-- box or to try to ID you in a you know Where's Waldo drawing it's hard [Waldo appears in a crowd and runs away]
to do well all they have to do is send what's called a process server basically
registered mail who identifies you and then he you know takes a selfie of [Man takes a selfie with a woman]
himself serving you papers ie handing you an envelope stating that you are
being served well the state had to require this consent because too many
deadbeat companies absconded with unpaid bills unserved responsibilities in
contracts and other omissions that finally force the government to say
enough if you want to do business in our neck of the woods then you'll consent to [Government working demanding consent]
being sued easily and being served yeah don't worry it only hurts the first time
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