Proof of Funds

From Open Risk Manual
Revision as of 12:56, 11 February 2020 by Wiki admin (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

Proof of Funds. It is a proof obtained by conducting a soft discovery on the buyer's accounts. A vendor might require a proof of funds before they will proceed with negotiating a product sale.