accepting house

(redirected from Accepting Bank)
Also found in: Financial.
Related to Accepting Bank: Notifying Bank

accepting house

or

acceptance house

n
(Banking & Finance) a financial institution that guarantees a bill of exchange, as a result of which it can be discounted on more favourable terms
Translations

accepting house

n (Brit Fin) → Akzeptbank f
References in periodicals archive ?
Contract notice: The contract of services for accepting bank cards and financial transactions through payment terminals (2 lots).
But petrol company Petrolina issued an announcement later yesterday saying Petrolina-Agip stations would continue accepting bank cards.
The Austrian central bank (OeNB) will not be accepting bank bonds backed by Ireland, Greece and Portugal, in accordance with a new European Central Bank policy to help central banks protect their balance sheets, Dow Jones has reported, citing a source close to the Austrian central bank.
Cleveland Police are warning traders to be extra vigilant when accepting bank drafts following a number of frauds involving high-value cars across the UK.