trade acceptance


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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 ?
This product has gained wide trade acceptance with placement at nearly all major retailers and grocery," Potter adds.
Products will be judged on their novel use of nonwovens technology as well as on their consumer and trade acceptance. Eligible consumer product categories include disposable diapers, feminine hygiene products, adult incontinence products, household wipes and home filters, among others.
In an attempt to stay ahead of the technology curve, CIT recently launched E-TAD (Electronic Trade Acceptance Draft), a Web-based negotiable payment obligation that the buyer issues to the supplier.
Senior vice president of sales Terry Riddel notes that the supplier's brands enjoy wide trade acceptance because they consistently bring profit enhancement to retailers and, in many cases, incremental sales to the categories in which they compete.
A trade acceptance is essentially a bill of exchange issued in the course of an export/import transaction.