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acceptance |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.06 sec. |
acceptanceShort-term credit instrument consisting of a written order that requires a buyer to pay a specified sum to the seller at a given date, signed by the buyer as a promise to honor the obligation. Acceptances are often used in export/import transactions: an exporter may require a buyer to sign and return an acceptance, which the exporter can then sell to the bank at a discount, thereby obtaining payment promptly. The buyer then has until the bill's maturity date to dispose of the goods and pay the promised sum (now owed to the bank). See also bill of exchange; promissory note. |
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| government obligations, CDs, Banker's Acceptances, Commercial Paper, money market funds, and repurchase agreements collateralized by obligations of the U. The REIT has a $50,000 credit facility which consists of a general operating loan, banker's acceptance and letters of credit. base rates plus between 0 and 25 basis points, as well as with Canadian banker's acceptance and LIBOR rates plus between 75 basis points and 125 basis points, depending, in each case upon the Trust's debt to cash flow ratio. |
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banker's acceptance
