accepting house


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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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations

accepting house

n (Brit Fin) → Akzeptbank f
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
References in periodicals archive ?
NMB Bank was registered as an accepting house under the Banking Act in June 1993.
Joining the struggle against her country's military dictatorship, she now refuses to leave, accepting house arrest instead, because she identifies so completely with those on the margins exploited by the regime, a move that has separated her from her husband (who has since died) and her children.
The group's main holding, Arbuthnot Latham and Co, is a private bank that has the status of one of the twelve accepting houses in the UK.