Difference between revisions of "Acceptance"
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| − | 1. '' | + | 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. | |
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| − | 3. ''Law''. | + | 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. | Another essential requirement being an offer. | ||
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* [[Banker's acceptance]] | * [[Banker's acceptance]] | ||
* [[Bill of exchange]] | * [[Bill of exchange]] | ||
| + | * [[Contract]] | ||
* [[Credit]] | * [[Credit]] | ||
* [[Offer]] | * [[Offer]] | ||
Revision as of 20:12, 26 March 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.
