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Trade acceptance

noun

Definitions

Noun
  1. 1
    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.
  2. 2
    a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance wordnet

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