trade acceptance

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trade acceptance

A bill of exchange for the amount of a purchase drawn by the seller on the purchaser, bearing the purchaser's signature and specifying time and place of payment.

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Noun

trade acceptance - a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance

bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another

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