What does trade acceptance mean?
Definitions for trade acceptance
trade accep·tance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word trade acceptance.
Princeton's WordNet
trade acceptancenoun
a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
Wiktionary
trade acceptancenoun
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.
ChatGPT
trade acceptance
Trade acceptance is a financial instrument or a short-term credit investment created as part of business-to-business transactions. It is essentially written agreement or acknowledgment by a buyer of goods that they owe the stated amount to the seller. This obligation is typically a result of receiving goods or services beforehand, and it is used extensively in domestic and international trade. The seller can either hold the acceptance until maturity and receive its face value or sell it at a discounted price to a bank.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of trade acceptance in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of trade acceptance in Pythagorean Numerology is: 2
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"trade acceptance." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/trade+acceptance>.
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