Acceptance: Difference between revisions
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imported>Doug Williamson (Update first definition.) |
imported>Doug Williamson (Add links.) |
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== See also == | == See also == | ||
* [[Acceptance credit]] | |||
* [[Acceptance provider]] | |||
* [[Banker's acceptance]] | * [[Banker's acceptance]] | ||
* [[Bill of exchange]] | * [[Bill of exchange]] | ||
* [[Contract]] | * [[Contract]] | ||
* [[Credit]] | * [[Credit]] | ||
* [[Documents against acceptance]] | |||
* [[Offer]] | * [[Offer]] | ||
* [[Trade acceptance]] | * [[Trade acceptance]] | ||
Revision as of 11:44, 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.
