trade acceptance

trade acceptance definition - business

trade acceptance

A bill of exchange drawn by the seller on the buyer that guarantees payment on a specific date. The trade acceptance can be sold at a discount in the secondary market.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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