Trade Acceptance Definition

A bill of exchange or draft drawn upon the purchaser by the seller and accepted by the purchaser for payment at a specified time.

(business, banking, finance) A negotiable instrument in the course of international trade similar to a Banker's 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 marketable money-market instrument.