trade acceptance

noun

Definition of trade acceptance

: a time draft or bill of exchange for the amount of a specific purchase drawn by the seller on the buyer, bearing the buyer's acceptance, and often noting the place of payment (such as a bank)

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“Trade acceptance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trade%20acceptance. Accessed 1 Jul. 2022.

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More Definitions for trade acceptance

trade acceptance

noun

Legal Definition of trade acceptance

: a time draft or bill of exchange for the amount of a specific purchase drawn by the seller on the buyer, bearing the buyer's acceptance, and often noting the place of payment (as a bank)