Acceptance: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13 and spacing) |
imported>P.F.cowdell@shu.ac.uk m (Categorise the page) |
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Revision as of 12:17, 13 August 2014
1.
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. Law.
One of the essential requirements for the formation of a contract. Another essential requirement being an offer.
