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Acceptance Credit
(redirected from Acceptance Credits)

   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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The 2007-2008 Stereo Sequence winners and the acceptance credits they will receive are shown after the names: First Place: Melvin Lawson Memorial Award: Northern Bogs, A Close-Up Look by Linda J.
These winning entries also received 8 acceptance credits with 4 titles.
Additionally first, second and third place winners receive 8 acceptance credits and 4 title credits, while the Honorable Mention receives 6 acceptance credits and 4 title credits, so entrants in the contest can help their Star Ratings in addition to the prestige of winning in the yearly competition
 
 
 
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