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Written demand that has been accepted by an industrial company to pay a given sum at a future date. Related: Banker's acceptance.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved