Acceptance credit

From ACT Wiki
Revision as of 12:16, 13 August 2014 by imported>P.F.cowdell@shu.ac.uk (Categorise the page)
Jump to navigationJump to search

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.

See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Acceptance_credit&oldid=1111’