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acceptance |
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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. acceptance 1. Commerce a. a formal agreement by a debtor to pay a draft, bill, etc. b. the document so accepted 2. Austral and NZ a list of horses accepted as starters in a race 3. Contract law words or conduct by which a person signifies his assent to the terms and conditions of an offer or agreement How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| I have never felt like a victim of discrimination or prejudice until I saw Patrick O'Connor's depiction of an LAFD firehouse with fat, nonchalant firemen with no particular diversity (who were) showing implied acceptance of the antics of notorious celebrities who have trouble bridling their tongues. 2518-2(d)(1) adds that express or implied acceptance of the interest invalidates the disclaimer if made prior to disclaiming. Worse, there was implied acceptance that sexual assault was a way for sailors to ``relieve stress. |
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