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Trade Acceptance
(redirected from Accepted Draft)

   Also found in: Dictionary/thesaurus 0.01 sec.
Trade acceptance
Written demand that has been accepted by an industrial company to pay a given sum at a future date. Related: Banker's acceptance.

Trade Acceptance
A bill of exchange that has not been countersigned by the drawee's bank. A trade acceptance is presented as payment for a good or service. It is only as valuable as the drawee's creditworthiness. It is also called an accepted bill of exchange, an accepted draft, or a trade bill.


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Noor will provide Islamic financial solutions, including packing and post shipment finance, secured against confirmed orders or bank accepted drafts for the first leg of shipment financing," added Al Qemzi.
The board also accepted draft audits of its financial records and its Proposition A/AA bond program.
Following a first reading by the European Parliament on 14 December 2000, EU environment ministers reached political agreement on a common position--that is, an accepted draft of the directive.
 
 
 
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