Acceptance: Difference between revisions
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imported>Doug Williamson (Add definition. Source - Oxford English Dictionary.) |
imported>Doug Williamson (Remove surplus link.) |
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* [[Acceptance credit]] | * [[Acceptance credit]] | ||
* [[Acceptance for settlement]] | * [[Acceptance for settlement]] | ||
* [[Banker's acceptance]] | * [[Banker's acceptance]] | ||
* [[Bill of exchange]] | * [[Bill of exchange]] | ||
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.
