Accept: Difference between revisions
imported>Doug Williamson (Create page. Sources: Linked pages.) |
imported>Doug Williamson (Remove surplus link.) |
||
| Line 31: | Line 31: | ||
* [[Acceptance]] | * [[Acceptance]] | ||
* [[Acceptance credit]] | * [[Acceptance credit]] | ||
* [[Banker's acceptance]] | * [[Banker's acceptance]] | ||
* [[Bill of exchange]] | * [[Bill of exchange]] | ||
Revision as of 20:42, 15 October 2022
1. Bills of exchange.
To sign a bill of exchange as a formal acknowledgement of the obligation to honour it, effectively guaranteeing payment and thereby enhancing the credit quality of the bill.
The party that accepts the bill is usually a bank, or sometimes another high quality credit.
The party accepting the bill is known as the acceptor.
A bill of exchange that has been accepted in this way is known as an acceptance.
2. Payment systems.
To be willing and able to transact with customers in relation to a particular payment method.
For example, to accept card transactions.
3. Risk management - risk responses.
To knowingly retain a risk, or to agree to the transfer of risk from someone else to ourselves.
4. Law - negotiation - conciliation - mediation.
To agree to an offer or proposal.
