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Acceptance Credit

   Also found in: Encyclopedia 0.01 sec.
Acceptance Credit
A letter of credit in which the buyer authorizes the transfer of funds to the seller on or after a certain date assuming the conditions of the letter are met. Acceptance credit may be confirmed, meaning that a bank has promised to pay in the event of default, or unconfirmed, meaning the seller assumes the risk of the borrower's default. See also: Banker's Acceptance.


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Raising The Possibility Of Instant Acceptance Once requesting for instant acceptance credit card for bad credit
Dealers may now process credit applications electronically to Regional Acceptance through the RouteOne platform and enjoy a reduced fee - now normalized across all of Regional Acceptance credit channels.
Acceptance credit for entries made by multiple makers will be split between the makers.
 
 
 
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