Acceptance credit: Difference between revisions
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imported>Doug Williamson (Add second definition to align with ACT ICM material.) |
imported>Doug Williamson (Add links.) |
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1. | |||
A UK money-market term for a bill of exchange drawn by a customer on its bank, which is accepted and then discounted by the bank, the proceeds being paid to the customer. | |||
2. | |||
A revolving line of credit involving the use of accepted bills of exchange. | |||
== See also == | == See also == | ||
* [[Acceptance]] | |||
* [[Bill of exchange]] | * [[Bill of exchange]] | ||
* [[Credit]] | |||
* [[Discount]] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Trade_finance]] | [[Category:Trade_finance]] | ||
Latest revision as of 11:21, 5 July 2022
1.
A UK money-market term for a bill of exchange drawn by a customer on its bank, which is accepted and then discounted by the bank, the proceeds being paid to the customer.
2.
A revolving line of credit involving the use of accepted bills of exchange.
