payment in acceptance
11acceptance — The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. The act of a person to whom a thing is offered or tendered by… …
12Acceptance Market — Investment market based on short term credit instruments. An acceptance is a time draft or bill of exchange that is accepted as payment for goods. A banker s acceptance, for example, is a time draft drawn on and accepted by a bank, which is a… …
13acceptance — /əkˈsɛptəns/ (say uhk septuhns) noun 1. the act of taking or receiving something offered: his acceptance of the gift. 2. favourable reception; favour: to win immediate acceptance. 3. the act of assenting or believing: acceptance of a theory. 4.… …
14acceptance — /ək septəns/ noun 1. the act of signing a bill of exchange to show that you agree to pay it ♦ to present a bill for acceptance to present a bill for payment by the person who has accepted it 2. ♦ acceptance of an offer the act of agreeing to an… …
15acceptance of check — The certification of a check. The purpose and effect of procuring a check to be accepted or certified by the bank on which it is drawn is to impart strength and credit to the paper by obtaining an acknowledgment from the bank that the drawer has… …
16payment — The discharge of an obligation by the delivery and acceptance of money, or of something equivalent to money, which is regarded as such at the time by the person to whom the payment is due. State v Tyler County State Bank (Tex Com App) 277 SW 625 …
17Acceptance Of Office By Trustee — A mutual understanding that a person has with the estate that implies they will assume administrative duties after being nominated. Acceptance of office by trustee is basically a formal way of giving consent to serve as a trustee. After being… …
18Acceptance House — An acceptance house guarantees payment of trade bills used to finance trade deals and goods in shipment. It accepts the bills by agreeing to pay the bill at a discounted rate at a specific future date. Its profit is the difference between the… …
19payment terms — The agreed way in which a buyer pays the seller for goods. The commonest are cash with order or cash on delivery; prompt cash (i. e. within 14 days of delivery); cash in 30, 60, or 90 days from date of invoice; letter of credit; cash against… …
20acceptance — n. 1 willingness to receive (a gift, payment, duty, etc.). 2 an affirmative answer to an invitation or proposal. 3 (often foll. by of) a willingness to accept (conditions, a circumstance, etc.). 4 a approval, belief (found wide acceptance). b… …
