acceptance bill of exchange
71bank bill — ➔ bill of exchange * * * A bill of exchange issued or accepted by a bank. It is thus more acceptable than a normal trade bill of exchange because the risk is less and the discount is accordingly also smaller. ► See also Bill of Exchange. *… …
72implied acceptance — An acceptance understood from acts and cirpumstances where not expressly stated. The acceptance of an offer implied from acts or conduct, including performance by the offeree of his undertaking. Cole McIntyre Norfleet Co. v Holloway, 141 Tenn 679 …
73time bill — A bill of exchange payable at some future date, for example, 90 days after the date of the bill or after sight (that is, acceptance or refusal by the drawee), is called a time, term or usuance bill/draft. On delivery of a time bill to the drawee …
74London acceptance credit — A method of providing immediate cash for a UK exporter of goods. On shipment of the goods the exporter draws a bill of exchange on the foreign buyer. The accepted bill is then pledged to a merchant bank in London, which accepts an accommodation… …
75banker's acceptance — ( BA) A short term financial instrument that is the unconditional obligation of the accepting bank. Banker s acceptances, or BAs, arise from transactions involving the import, export, transit, or storage of goods, including domestic as well as… …
76qualified acceptance — An acceptance of a bill of exchange that varies the effect of the bill as drawn. If the holder refuses to take a qualified acceptance, the drawer and any endorsers must be notified or they will no longer be liable. If the holder takes a qualified …
77qualified acceptance — An acceptance of a bill of exchange that varies the effect of the bill as drawn. If the holder refuses to take a qualified acceptance, the drawer and any endorsers must be notified or they will no longer be liable. If the holder takes a qualified …
78partial acceptance — An acceptance of a bill of exchange by which the drawee accepts for part only of the amount for which the bill is drawn; a qualified acceptance. 11 Am J2d B & N § 517. An acceptance of a part of the property offered for dedication, the remainder… …
79qualified acceptance — A conditional acceptance of an offer; an acceptance which modifies the terms of the offer. In effect, a counteroffer. 17 Am J2d Contr § 62. An acceptance of a bill of exchange which varies the effect of the bill as drawn. 11 Am J2d B & N § 515 …
80Banker's acceptance — A short term credit investment created by a non financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market. These instruments have been a popular investment for money market… …
