Acceptance credit: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>P.F.cowdell@shu.ac.uk
m (Categorise the page)
imported>Doug Williamson
(Add links.)
 
(3 intermediate revisions by the same user not shown)
Line 1: Line 1:
1.
A UK money-market term for a bill of exchange drawn by a customer on its bank, which is accepted and then discounted by the bank, the proceeds being paid to the customer.
A UK money-market term for a bill of exchange drawn by a customer on its bank, which is accepted and then discounted by the bank, the proceeds being paid to the customer.
2.
A revolving line of credit involving the use of accepted bills of exchange.


== See also ==
== See also ==
* [[Acceptance]]
* [[Bill of exchange]]
* [[Bill of exchange]]
* [[Credit]]
* [[Discount]]


[[Category:Bank_Lending]]
[[Category:Long_term_funding]]
[[Category:Debt_Capital_Markets]]
[[Category:Trade_finance]]
[[Category:Trade_Finance]]

Latest revision as of 11:21, 5 July 2022

1.

A UK money-market term for a bill of exchange drawn by a customer on its bank, which is accepted and then discounted by the bank, the proceeds being paid to the customer.


2.

A revolving line of credit involving the use of accepted bills of exchange.


See also