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
Additional Related Terms: 10-K, Allowance for depreciation, Accrual of discount, Amortization of premium, At par, ABC agreement, All or any part, At best, At call, Actual market