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trade acceptance

noun

Definition of trade acceptance

: a time draft or bill of exchange for the amount of a specific purchase drawn by the seller on the buyer, bearing the buyer's acceptance, and often noting the place of payment (such as a bank)

First Known Use of trade acceptance

1916, in the meaning defined above

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More Definitions for trade acceptance

trade acceptance

noun

Legal Definition of trade acceptance

: a time draft or bill of exchange for the amount of a specific purchase drawn by the seller on the buyer, bearing the buyer's acceptance, and often noting the place of payment (as a bank)

More from Merriam-Webster on trade acceptance

Britannica.com: Encyclopedia article about trade acceptance

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