trade acceptance
English edit
Noun edit
trade acceptance (plural trade acceptances)
- (business, banking, finance) 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.
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Banker's acceptance on Wikipedia.Wikipedia
