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 ?
At the inception of the Federal Reserve in 1913, it was presumed that Federal Reserve assets would primarily consist of short-term privately issued paper, such as bankers' acceptances, trade acceptances, and bills of exchange.
In FY 2011, Trade Acceptance Group was recognized as one of Ex-Im Bank's top brokers and most active broker for Small Businesses.
This facility is in addition to the company's trade acceptance facility with AcTrade Financial Technologies, LTD.
Pending the outcome of the sale transaction process, the Company will continue to operate its business, engaging in trade acceptance draft ("TAD") transactions with existing customers as well as, potentially, selected new customers.
Separately, on December 12, 2002, the Company issued a press release (the "December 12 Release") announcing certain developments, including with respect to a former significant customer of Actrade that had defaulted on $8,844,805 in Trade Acceptance Drafts ("TADs").
Other recent trade shows have similarly reflected a dramatic improvement in trade acceptance of Smith & Wesson since it has been returned to American ownership.
the company's leading product is the Electronic Trade Acceptance Draft (E-TAD(TM)) Program.
Consistent with its goal of driving innovative new technology and quality products, Spalding launched several new products during the 2001 first quarter, which received strong trade acceptance, including:
In particular, the US lacked a liquid market in trade acceptances, the instrument used to finance imports and exports.
The first stage of the test will include transmitting messages related to account openings, trade authorizations, trade acceptances and rejections, restrictions, terminations, deposits, withdrawals and trade activity between UBS and their IMs.