Acceptance Credit

(redirected from Acceptance Financing)

Acceptance Credit

A letter of credit in which the buyer authorizes the transfer of funds to the seller on or after a certain date assuming the conditions of the letter are met. Acceptance credit may be confirmed, meaning that a bank has promised to pay in the event of default, or unconfirmed, meaning the seller assumes the risk of the borrower's default. See also: Banker's Acceptance.
References in periodicals archive ?
The Sunstone Acceptance financing program can be used by participating funeral homes that have access to the web.
Financing methods vary with the requirements of the exporters (eg pre- or post-shipment financing), and of their bankers, and can involve loans, letters of credit, acceptance financing, warehouse financing, etc.
Umpqua's international banking division offers a full range of trade finance products and services, including: commercial letters of credit (import and export), online letter of credit issuance, standby letters of credit, documentary collections, direct collections, bankers acceptance financing, trade cycle financing, pre- and post-export financing, and foreign exchange services.
Trade finance services offered by Umpqua's international banking division will include: commercial letters of credit (import and export), online letter of credit issuance, standby letters of credit, documentary collections, direct collections, bankers acceptance financing, trade cycle financing, pre- and post-export financing, and foreign exchange services.
ABN AMRO is working with UPS Capital Global Trade Finance to develop the back-end technology and trade services for companies doing business internationally, particularly the issuance and negotiation of letters of credit and subsequent bankers' acceptance financing.