Acceptance credit: Difference between revisions
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imported>Doug Williamson m (Added space before see also) |
imported>Doug Williamson (Add second definition to align with ACT ICM material.) |
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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. | #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. | ||
#A revolving line of credit involving the use of accepted bills of exchange. | |||
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* [[Bill of exchange]] | * [[Bill of exchange]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Trade_finance]] | [[Category:Trade_finance]] | ||
Revision as of 08:19, 23 March 2016
- 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.
- A revolving line of credit involving the use of accepted bills of exchange.
