trade acceptance

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Related to Accepted Draft: bank acceptance, Draft Bill of Exchange

trade acceptance

n.
A bill of exchange drawn directly upon and accepted by an importer or purchaser, rather than a bank, and due at a specified future time.

trade′ accept`ance


n.
a bill of exchange drawn by the seller of goods on the buyer, and accepted by the buyer for payment at a future date.
[1915–20]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.trade acceptance - a bill of exchange for a specific purchasetrade 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
References in periodicals archive ?
Chairman emphasized that BiH CoM accepted draft amendments to the Agreement on co-establishment of the BiH Missing Persons Institute and it has been introduced in further procedure to the BiH Presidency.
Last month, former Secretary Cayetano said the two sides are eyeing the month of November for the Chinese leader's trip to Manila after a mutually accepted draft agreement on the joint exploration in the South China Sea is signed.
Government had acted in tune with the verdict of apex court, he said adding court had accepted draft of the letter and allowed four weeks to send the letter to Swiss authorities.