Trade acceptance

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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 ?
It is true that the bill requires negotiators to consult with Congress, more so than any past trade bill.
First, consider the null hypothesis that trade bills are enacted according to the random enactment model.
Second, consider the null hypothesis that trade bills are enacted according to a party dominance model.
And the Congressional trade bill signed last summer has the potential to increase this protectionism.
Workers face challenging times, but Congress can help secure their future if they just allow a more open process for considering trade bills.
The President has heard a lot of talk about whether or not trade bills will move or not, and I assured him that we will do everything in our capacity to move the trade bills -- not only the Panamanian bill, but the Colombian bill and the Korean bill.
Trade bills must open markets and enhance global living standards.