Difference between revisions of "Acceptance"

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(Add definition. Source - Oxford English Dictionary.)
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Abbreviation for acceptance for settlement.
 
Abbreviation for acceptance for settlement.
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5. ''Agreeing to receive''.
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More broadly, agreeing to receive something.
  
  

Revision as of 13:56, 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