授权议付 meaning in Chinese

authority to negotiate

The negotiating bank is authorized to negotiate the usance drafts at sight for the face amount
授权议付银行议付远期汇票，依票额即期付款。
Negotiation means the giving of value for draft ( s ) and / or document ( s ) by the bank authorized to negotiate
议付是指被授权议付的银行对汇票及/或单据付出对价。
Negotiation means the giving of value for draft ( s ) and / or document ( s ) by the bank authorised to negotiate
议付意指被授权议付的银行对汇票及或单据付出对价。