Acceptance: Difference between revisions
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1. | 1. ''Bill of exchange.'' | ||
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. | 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. | 2. ''Trade finance.'' | ||
''Law''. | A trade acceptance. | ||
3. ''Law''. | |||
One of the essential requirements for the formation of a contract under English law. | One of the essential requirements for the formation of a contract under English law. | ||
Another essential requirement being an offer. | Another essential requirement being an offer. | ||
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* [[Offer]] | * [[Offer]] | ||
* [[Trade acceptance]] | * [[Trade acceptance]] | ||
* [[Trade finance]] | |||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Revision as of 10:16, 25 March 2021
1. Bill of exchange.
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.
One of the essential requirements for the formation of a contract under English law.
Another essential requirement being an offer.
