FT MarketWatch

Acceptance

The contractual agreement entered into when the Drawee of a time Draft writes "accepted" on the document and specifies a Payment date. The drawee, thereby known as the acceptor, is responsible for making the payment at Maturity.

Related Terms: 11 Accept, Contract, Draft, Drawee, ECI, Maturity, NOW, Own, Payment date, Time draft, Write
Other Related Pages: Category: Lending_and_Credit Starting With: A
Semi Related Terms: 459 CLICK HERE TO VIEW
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