trade acceptance

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Related to Trade Acceptances: bank acceptance

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 ?
In particular, the US lacked a liquid market in trade acceptances, the instrument used to finance imports and exports.
s entry into World War I, the Federal Reserve's preferred media for open market operations were private bills of exchange, trade acceptances, and bankers' acceptances, (2) rather than public debt.
One of the heavy hindrances in former years lay in the lack of a market for foreign trade acceptances in the United States such as exists in all the Western and Central European countries.