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Definition of Trade acceptance
1. Noun. A bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance.
Definition of Trade acceptance
1. Noun. (business banking finance) 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. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Trade Acceptance
Literary usage of Trade acceptance
Below you will find example usage of this term as found in modern and/or classical literature:
1. Public Affairs Information Service Bulletin by Public Affairs Information Service (1920)
"Abuses of the trade acceptance system. DC Wills. Credit N p 7 Mr '20 Excerpt of
address before Robert Morris associates Cleveland convention. ..."
2. The Law of Negotiable Instruments: Including Promissory Notes, Bills of by James Matlock Ogden (1922)
"In addition to the usual differences between a bill of exchange and a promissory
note, a trade acceptance is limited to obligations arising from the sale of ..."
3. Bookkeeping and Accounting by James Oscar McKinsey (1920)
"The trade acceptance During the past few years there has been much discussion of
the use of a special form of the draft known as the trade acceptance. ..."
4. Principles of Foreign Trade by Norbert Savay (1919)
"The bill of exchange then becomes a negotiable "acceptance" and in its legal
aspects is exactly the same kind of document as a domestic trade acceptance. ..."
5. Money and Banking by John Thom Holdsworth (1920)
"... in the mercantile and credit world, and a strong movement has set in for the
substitution of the trade acceptance in place of the open account. ..."
6. Money and Banking by John Thom Holdsworth (1917)
"They honor or "accept" the draft by writing across its face the word "accepted,"
with the date, the FORM OF trade acceptance name of the bank where they ..."
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