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security of payment中文是什么意思

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用"security of payment"造句"security of payment"怎么读"security of payment" in a sentence

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百科解释

Security of payment is a relatively new initiative introduced by the Victorian State Government to allow for the rapid determination of progress claims under building contracts or sub-contracts and contracts for the supply of goods or services in the building industry. This process, which establishes adjudication of disputes, was designed to ensure cash flow to businesses in the building industry, without parties get tied up in lengthy and expensive litigation or arbitration.
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