Advice of Nonacceptance(redirected from Advice of Non-Acceptance)
Advice of Nonacceptance
A statement issued by a bank notifying another bank of the negative result of a letter of credit or other demand for payment. That is, the advice of nonacceptance informs the second bank that the bill of lading was not honored or paid as demanded. It is also called advice of nonpayment. It is a type of advice of fate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved