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)

First Known Use of trade acceptance

1916

in the meaning defined above

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Law Dictionary

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)

Learn More about trade acceptance

Britannica.com: Encyclopedia article about trade acceptance

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