Trade acceptance: Difference between revisions
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A draft accepted by a company constituting an unconditional and binding obligation on the part of the company to pay the draft at maturity. | A draft accepted by a company constituting an unconditional and binding obligation on the part of the company to pay the draft at maturity. | ||
== See also == | == See also == | ||
* [[Acceptance]] | |||
* [[Banker's acceptance]] | * [[Banker's acceptance]] | ||
* [[Draft]] | * [[Draft]] | ||
Revision as of 20:00, 2 June 2016
A draft accepted by a company constituting an unconditional and binding obligation on the part of the company to pay the draft at maturity.
