trade acceptance

English

Noun

trade acceptance (plural trade acceptances)

1. (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.

Related terms

• banker's acceptance

See also

• Banker's acceptance on Wikipedia.Wikipedia