trade acceptance

n.
A bill of exchange for the amount of a purchase drawn by the seller on the purchaser, bearing the purchaser's signature and specifying time and place of payment.

A time draft that is guaranteed by a nonbank firm and sold in the secondary money market. It is similar to a Banker's Acceptance but more risky.

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The noun has one meaning:

Meaning #1: a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance

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