trade acceptance
trade acceptance · trade acceptances
A negotiable instrument in the course of international trade similar to a Banker's…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.
Meaning
1 sensesA 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.
More definitions
- a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
Forms
plural: trade acceptances| Singular | trade acceptance |
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regular
Word family
1 related wordsRelatedbanker's acceptance