English Explanatory Dictionary

trade acceptance

English dictionary entry

Meanings

noun
  1. A negotiable instrument in the course of international trade similar to a Banker's Acceptance (BA) except it is drawn on and accepted by a buyer/importer (as opposed to a bank). May be sold to a bank or investor at a discount becoming a marketable money-market instrument.

Word forms

trade acceptance trade acceptances

Related words

banker's acceptance
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