Acceptance: Difference between revisions
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imported>Doug Williamson (Link with BA page.) |
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* [[Credit]] | * [[Credit]] | ||
* [[Offer]] | * [[Offer]] | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Revision as of 13:45, 9 October 2015
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 under English law.
Another essential requirement being an offer.
