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 ?
The Trade Bill could address engagement head on, helping to transform the UK's approach to trade as well as revitalising the regions and giving the people a stronger stake in making Brexit a success.
He says he wants a "clean" trade bill unencumbered by anything else.
Obviously, legislation such as the cap and trade bill that adds costs to America's energy (but not to the rest of the world) only serves to export our jobs, make us relatively poorer and does not solve the perceived problem of incremental carbon which comes from outside the U.
Yet even if the worker-rights language was never enforced, I'd still argue for putting it into trade bills.
The new trade bill doubles the quantity of clothing made from African fabric and yarn that can enter the US duty free.
White House Press Secretary Ari Fleischer called the trade bill compromise a "real, tangible way to improve the lives of American people in a multilateral way that has not been practical or doable for almost a decade.
It is true that the bill requires negotiators to consult with Congress, more so than any past trade bill.
Congressional renewal is bogged down because the ATPA authorization is attached to a major trade bill.
Senator Dianne Feinstein (Democrat--California) tried to make cheaper drugs for Africa part of the proposed African trade bill, but Congress removed the provision.
Following the Senate's approval of the trade bill Tuesday, which has already cleared the House of Representatives, it will become law after it is signed by President Bill Clinton.
A TRADE BILL RECENTLY SIGNED into law by President Clinton carries a duty-free provision for Central American textiles bound for the United States.
With developments like the China trade bill, I envision blacks working in China some day," Walters says.