trade acceptance

noun

: 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)

Word History

First Known Use

1916, in the meaning defined above

Time Traveler
The first known use of trade acceptance was in 1916

Dictionary Entries Near trade acceptance

Cite this Entry

“Trade acceptance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trade%20acceptance. Accessed 4 Oct. 2024.

Legal Definition

trade acceptance

noun
: 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

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!