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acceptance house

noun
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variants: or accepting house

Definition of acceptance house

: a banking institution in England specializing in financing foreign trade by allowing the use of its name as drawee on bills of exchange and by frequently acting also as fiscal agent and financial adviser (as for foreign nations or municipalities) — compare merchant banker

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First Known Use of acceptance house

1846, in the meaning defined above

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The first known use of acceptance house was in 1846

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Cite this Entry

“Acceptance house.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/acceptance%20house. Accessed 21 Jun. 2021.

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