Difference between revisions of "Acceptance"

From ACT Wiki
Jump to: navigation, search
(Add definition. Source - Oxford English Dictionary.)
(Remove surplus link.)
 
Line 29: Line 29:
 
* [[Acceptance credit]]
 
* [[Acceptance credit]]
 
* [[Acceptance for settlement]]
 
* [[Acceptance for settlement]]
* [[Acceptance provider]]
 
 
* [[Banker's acceptance]]
 
* [[Banker's acceptance]]
 
* [[Bill of exchange]]
 
* [[Bill of exchange]]

Latest revision as of 14:58, 2 December 2021

1. Bills of exchange.

An acceptance is 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. Trade finance.

A trade acceptance.


3. Law - contract.

Acceptance is one of the essential requirements for the formation of a contract under English law.

Another essential requirement being an offer.


4. Payment systems.

Abbreviation for acceptance for settlement.


5. Agreeing to receive.

More broadly, agreeing to receive something.


See also