Written demand that has been accepted by an industrial company to pay a given sum at a future date. Related: banker's acceptance.
A draft or bill of exchange drawn by the seller on his customer for goods purchased and accepted by the buyer.
Commonly employed by merchants and manufacturers. The seller makes the instrument to his own order, drawn on the buyer. In effect, the seller is taking the trade acceptance in payment of the goods. When the buyer accepts this draft drawn upon him, his obligation to pay becomes absolute. The seller may than discount the trade acceptance at his bank for the full amount.
A time draft that is drawn on and accepted by an importer.
draft drawn by the seller of goods on the buyer and accepted by the latter for payment at specified future date. Français: Acceptation commerciale Español: Aceptación comercial
a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
a draft drawn by the seller of goods on the buyer, and accepted by the buyer
a draft drawn by the seller of goods on the purchaser, and accepted by the purchaser, with a time of expiration stamped upon it
The act of a buyer accepting and signing a time draft.
A draft drawn by the seller of goods upon the buyer who agrees to pay by signing "accepted" on the draft.