Definitions for "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.
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 written acknowledgement of the sale of goods and promise to pay at a definite date and place
Keywords:  symbol, unit
Trading symbol Trading unit