Qualified Acceptance
(redirected from Qualified Acceptances)Also found in: Legal.
Qualified Acceptance
1. The agreement by a bank to pay only a portion of a bill of exchange, or to pay only after it changes the terms under which payment is made. This differs from a general acceptance, in which the bank honors the bill without condition.
2. The agreement to a contract, contingent upon some change being made.
2. The agreement to a contract, contingent upon some change being made.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved