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 ?
Obviously, legislation such as the cap and trade bill that adds costs to America's energy (but not to the rest of the world) only serves to export our jobs, make us relatively poorer and does not solve the perceived problem of incremental carbon which comes from outside the U.
The new trade bill doubles the quantity of clothing made from African fabric and yarn that can enter the US duty free.
The Senate, which was still in session at the time The Weekly went to press, is expected to approve easily the fast-track trade bill this week.
Senate at the end of May voted to approve Trade Promotion Authority (TPA) and several other small trade bills, bringing the U.
Senate passage of the trade bill that includes the ATPA is expected by week's end, but the measure will still face significant hurdles.
A TRADE BILL RECENTLY SIGNED into law by President Clinton carries a duty-free provision for Central American textiles bound for the United States.
With developments like the China trade bill, I envision blacks working in China some day," Walters says.
The recently enacted Caribbean Basin Initiative/Sub-Saharan Africa trade bill will help the U.
Not only for the big China Permanent Normal Trade Relations vote, but also for the modest Africa-CBI trade bill.
President Bill Clinton signed a long-awaited trade bill May 19 that gives Africa, Central America, and the Caribbean better access to the US market.
Trade bills are enacted with no apparent change in the median, and changes in the median legislator are not followed by the passage of a new trade bill.
Alfonse D'Amato--who has a refiner in his district--to help them stitch a tariff rebate provision into a 1,000 page trade bill, a provision worth $365 million to them.