Difference between revisions of "Acceptance"
From ACT Wiki
(Add links.) |
(Add definition. Source: Linked pages) |
||
Line 14: | Line 14: | ||
Another essential requirement being an offer. | Another essential requirement being an offer. | ||
+ | |||
+ | |||
+ | 4. ''Payment systems''. | ||
+ | |||
+ | Abbreviation for acceptance for settlement. | ||
== See also == | == See also == | ||
* [[Acceptance credit]] | * [[Acceptance credit]] | ||
+ | * [[Acceptance for settlement]] | ||
* [[Acceptance provider]] | * [[Acceptance provider]] | ||
* [[Banker's acceptance]] | * [[Banker's acceptance]] | ||
Line 25: | Line 31: | ||
* [[Documents against acceptance]] | * [[Documents against acceptance]] | ||
* [[Offer]] | * [[Offer]] | ||
+ | * [[Settlement]] | ||
* [[Trade acceptance]] | * [[Trade acceptance]] | ||
* [[Trade finance]] | * [[Trade finance]] |
Revision as of 13:51, 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.