acceptance credit

  • 1 Acceptance credit — An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. There are two types of acceptance credit, confirmed and …

    Wikipedia

  • 2 acceptance credit — A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer whom it deems creditworthy. An acceptance credit is opened against which the… …

    Accounting dictionary

  • 3 acceptance credit — A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer, whom it deems creditworthy. An acceptance credit is opened against which the… …

    Big dictionary of business and management

  • 4 acceptance credit — /ək septəns ˌkredɪt/ noun an arrangement of credit from a bank, where the bank accepts bills of exchange drawn on the bank by the debtor: the bank then discounts the bills and is responsible for paying them when they mature; the debtor owes the… …

    Dictionary of banking and finance

  • 5 acceptance credit — noun : an authorization given by a bank to a specified beneficiary to draw drafts upon the bank up to a specified amount …

    Useful english dictionary

  • 6 irrevocable documentary acceptance credit — A form of irrevocable confirmed letter of credit in which a foreign importer of UK goods opens a credit with a UK bank or the UK office of a local bank. The bank then issues an irrevocable letter of credit to the exporter, guaranteeing to accept… …

    Big dictionary of business and management

  • 7 London 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… …

    Big dictionary of business and management

  • 8 Credit Card — A card issued by a financial company giving the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used for short term financing. Interest usually begins one month after a purchase is made… …

    Investment dictionary

  • 9 acceptance commission — See: acceptance credit …

    Accounting dictionary

  • 10 Credit Solutions of America — Industry Financial Services Founded 2003 in Dallas, Texas Headquarters Richardson, Texas Products Debt settlement Website …

    Wikipedia

  • 11 acceptance credits — One of the ways in which a letter of credit (letters of credit) may provide for payment by the nominated bank (or the issuing bank) to the seller: the seller presents a time bill (bill of exchange) with the documents which the bank will accept.… …

    Law dictionary

  • 12 Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …

    Wikipedia

  • 13 acceptance — /ak sep teuhns/, n. 1. the act of taking or receiving something offered. 2. favorable reception; approval; favor. 3. the act of assenting or believing: acceptance of a theory. 4. the fact or state of being accepted or acceptable. 5. acceptation… …

    Universalium

  • 14 acceptance — A time draft that has been accepted for payment. See banker s acceptance. American Banker Glossary Contractual agreement instigated when the drawee of a time draft accepts the draft by writing the word accepted thereon. The drawee assumes… …

    Financial and business terms

  • 15 Credit risk — Categories of financial risk Credit risk Concentration risk Market risk Interest rate risk Currency risk Equity risk Commodity risk Liquidity risk Refinancing risk …

    Wikipedia

  • 16 Credit card fraud — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …

    Wikipedia

  • 17 credit — creditless, adj. /kred it/, n. 1. commendation or honor given for some action, quality, etc.: Give credit where it is due. 2. a source of pride or honor: You are a credit to your school. 3. the ascription or acknowledgment of something as due or… …

    Universalium

  • 18 Credit card terminal — A typical credit card terminal that is still popular today A Credit card terminal is a device that can do transactions with a debit card or a credit card. Several types of credit card terminals are available to merchants. Most have the same basic …

    Wikipedia

  • 19 credit — I (New American Roget s College Thesaurus) I n. faith, belief; credibility, trust; credit, borrowing power. v. t. believe, trust; credit. See accounting. II Borrowing power Nouns 1. credit, trust, score, tally, account, tab; loan (see debt);… …

    English dictionary for students

  • 20 credit — /ˈkrɛdət / (say kreduht) noun 1. commendation or honour or acknowledgement given for some action, quality, etc. 2. a person or thing being acknowledged as a source of commendation or honour: a credit to the team. 3. influence or authority… …

    Australian English dictionary