trade acceptance

Εννοια (Αγγλικός)

A negotiable instrument in the course of international trade similar to a Banker's Acceptance (BA) except it is drawn on and accepted by a buyer/importer (as opposed to a bank). May be sold to a bank or investor at a discount becoming a marketable money-market instrument.

Συνώνυμα

acceptance

trade bill

commercial treaty

sales agreement