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trade acceptance
noun
- a bill of exchange drawn by the seller of goods on the buyer, and accepted by the buyer for payment at a future date.
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Word History and Origins
Origin of trade acceptance1
First recorded in 1915–20
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Example Sentences
Banks have countered in industry meetings and interviews by saying that trading and clearing technology needed time to develop and that certain documentation and systems are needed to ensure trade acceptance by clearinghouses.
From Reuters
This activity is now carried on by the commercial banker, who handles trade acceptances, bills of exchange, and the like.
From Project Gutenberg
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