Trade acceptance

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Related to Trade Acceptances: bank acceptance

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 ?
And, with their growing participation, the market in trade acceptances became more liquid.
A trade acceptance is essentially a bill of exchange issued in the course of an export/import transaction.
An innovative finance firm named Actrade is offering a solution called the Trade Acceptance Draft (TAD) Program.