Qualified Acceptance

(redirected from Qualified Acceptances)
Also found in: Legal.

Qualified Acceptance

1. The agreement by a bank to pay only a portion of a bill of exchange, or to pay only after it changes the terms under which payment is made. This differs from a general acceptance, in which the bank honors the bill without condition.

2. The agreement to a contract, contingent upon some change being made.
Mentioned in ?
Full browser ?