trade acceptance

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Related to Accepted Drafts: trade acceptance, time draft

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 ?
Sison said both sides had accepted drafts of the agreement for the first part of Caser, Agrarian Reform and Rural Development and its second part, National Industrialization and Economic Development.
These guarantees are transaction-specific and may be evidenced by a variety of underlying instruments such as: letters of credit, trade-related promissory notes, accepted drafts, bills of exchange, guarantees, bid and performance bonds and advance payment guarantees.
Noor will provide Islamic financial solutions, including packing and post shipment finance, secured against confirmed orders or bank accepted drafts for the first leg of shipment financing," added Al Qemzi.