trade acceptance

trade acceptance
Commercial paper. Continental Nat. Bank & Trust Co. v Stirling, 65 Idaho 123, 140 P2d 230, 149 ALR 314. A draft or bill of exchange, drawn by the seller on the purchaser of goods sold, and accepted by such purchaser, the purpose of the transaction being to enable the seller to raise money upon the paper before the obligation of the purchaser matures under the terms of sale. Legal Discount Corp. v Martin Hardware Co. 199 Wash 476, 91 P2d 1010, 129 ALR 420. A form of obligation revived in this country under the regulations of the Federal reserve bank board. Atterbury v Bank of Washington Heights, 241 NY 231, 239, 149 NE 841.

Ballentine's law dictionary. . 1998.

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  • trade acceptance — n: 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) Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

  • trade acceptance — n. a bill of exchange or draft drawn upon the purchaser by the seller and accepted by the purchaser for payment at a specified time …   English World dictionary

  • trade acceptance — noun a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer s acceptance • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun : a time draft or bill of exchange for the amount of a… …   Useful english dictionary

  • trade acceptance — trade′ accept ance n. bus a bill of exchange drawn by the seller of goods on the buyer, and accepted by the buyer for payment at a future date • Etymology: 1915–20 …   From formal English to slang

  • trade acceptance — noun A negotiable instrument in the course of international trade similar to a Bankers Acceptance (BA) except it is drawn on and accepted by a buyer/importer (as opposed to a bank). May be sold to a bank or investor at a discount becoming a… …   Wiktionary

  • trade acceptance — noun Date: 1916 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) …   New Collegiate Dictionary

  • Trade acceptance — Written demand that has been accepted by an industrial company to pay a given sum at a future date. Related: banker s acceptance. The New York Times Financial Glossary …   Financial and business terms

  • trade acceptance — Written demand that has been accepted by an industrial company to pay a given sum at a future date. Related: banker s acceptance. Bloomberg Financial Dictionary …   Financial and business terms

  • trade acceptance — a bill of exchange drawn by the seller of goods on the buyer, and accepted by the buyer for payment at a future date. [1915 20] * * * …   Universalium

  • Transaction Insured Trade Acceptance Locator — ( TITAL) A trade acceptance through an insurance entity (rather than a bank) which is conditional upon exporter performance. Bloomberg Financial Dictionary …   Financial and business terms

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