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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The first known use of trade acceptance was in 1916

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Cite this Entry

“Trade acceptance.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/trade%20acceptance. Accessed 29 January 2020.

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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)

More from Merriam-Webster on trade acceptance

Britannica.com: Encyclopedia article about trade acceptance

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