Acceptance

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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.


See also