Acceptance: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing.) |
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* [[Credit]] | * [[Credit]] | ||
* [[Offer]] | * [[Offer]] | ||
Revision as of 14:14, 27 July 2013
1. A bill of exchange which has been 'accepted' by a high quality credit - usually a bank - effectively guaranteeing payment and thereby enhancing the credit quality of the bill.
2. Law. One of the essential requirements for the formation of a contract. Another essential requirement being an offer.
