Trade acceptance

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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 ?
If the trade bill is passed, this would allow cashmere companies from the young democratic nation to compete with its competitors.
She accepted four amendments to the Trade Bill, lodged by Jacob Rees-Mogg, aiming to sink her Chequers plan.
THE Trade Bill making its way through Parliament is a critical piece of legislation for the future of West Midlands manufacturing.
Another reason may be to divert attention away from the contentious Trade Bill which, as it stands, allows Liam Fox (and future governments of all complexions) to make trade deals secretly, without agreement on areas for negotiation, out of the scrutiny of parliament and concerned stake-holders, and finally to get them rubber-stamped with Yes/No vote, with possibly of amendment, using a whipped government majority.
The action being taken by Ben Houchen and Anna Turley in advancing the Brexit bill the Taxation (Cross border) Trade Bill in Parliament marks a milestone in the long industrial decline in Cleveland, a turning towards the sun and progress towards the massive improvement in the local economy the people demand and deserve.
Trade Bill: To allow the UK to operate its own independent trade policy.
Tabled by the Minister for Law, the House passed the KP Board of Investment and Trade Bill, 2015.
PESHAWAR -- Khyber Pakhtunkhwa Assembly Monday passed The KP Board of Investment and Trade Bill (KPBoIT), 2015 to promote, encourage, assist and facilitate investors in the province.
The trade bill gives Congress the right to approve or reject trade agreements, but not change or delay them.
The Senate is now voting on a related bill that will assist workers who may loose their jobs as a result of the trade bill, known as the Trade Adjustment Assistance (TAA).