Trade acceptance

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Related to Trade Acceptances: bank acceptance

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.
References in periodicals archive ?
And, with their growing participation, the market in trade acceptances became more liquid.
A trade acceptance is essentially a bill of exchange issued in the course of an export/import transaction.
AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands) July 31, January 31, 2000 2000 ASSETS Cash and cash equivalents $4,812 $1,290 Accounts receivable, net 12,165 17,293 Inventories, net 17,819 25,711 Net investment in sales-type leases 8,142 10,790 Property, plant and equipment, net 6,344 6,544 Other assets 14,565 18,588 TOTAL ASSETS 63,847 80,216 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Trade acceptances payable $731 $6,199 Accounts payable and accrued expenses 7,957 12,805 Long and short-term debt 176 3,331 TOTAL LIABILITIES 8,864 22,335 MINORITY INTEREST 1,509 1,628 TOTAL STOCKHOLDERS' EQUITY 53,474 56,253 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 63,847 80,216
The reduction of trade acceptances payable is also showing the effects of reduced inventory, yet we continue to supply the demand from customers on a current basis.