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trade acceptance


from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A bill of exchange for the amount of a purchase drawn by the seller on the purchaser, bearing the purchaser's signature and specifying time and place of payment.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A negotiable instrument in the course of international trade similar to a Banker's Acceptance (BA) except it is drawn on and accepted by a buyer/importer (as opposed to a bank). May be sold to a bank or investor at a discount becoming a marketable money-market instrument.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance


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